In my prior post, I noted about gold “My view is that the ascent is going to slow down, stop, and reverse in short order“. I didn’t necessarily think “short order” meant “instantly”, but, so far, so good……….(more…)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
The homebuilders exchange fund, symbol, ITB, has been carving out what could prospectively be an important topping pattern. Keep an eye on that support level – – or, better yet, set a Slope Alert for it!
As the market struggles with whether we are heading to 4,600 on the S&P (as the good people at Goldman Sachs assert) or instead lose of the recent mega-rally, I would suggest keeping a close eye on KBE, the bank sector ETF. We are at an important resistance level, just beneath a substantial cluster of overhead supply.(more…)