Gold peaked a full three months ago, and it has been trying to find its way ever since. My disposition is that it is about to weaken again more persistently.
Precious Stall
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.
Weekend ETF Review
Another Nice Setup
Wow. Red quotes. Haven’t seen those in a while.
Anyway, the emerging markets fund EEM looks like another beautiful gap play. I just added this as my 21st position with a stop-loss at 63.40:
Prime Cut ETFs
Too many of the ETFs right now can only conjure up the reaction, “Wow, that’s just nuts. I wonder if it’ll ever stop going up, or what?” That’s a silly waste of time, so what I’d like to do instead is focus on the charts which, even given recent circumstances, still presenting exciting and intriguing risk/reward ratios.
First up is EFA, which I am short. There are three exceptionally cool things about this chart. First, Friday’s action formed a beautiful shooting star reversal pattern. Second, the price peak on Friday was precisely below the broken trendline. Third, the price peak also came deliciously close to an important price gap. This is just a dynamite combination.
Chinese Triangle Trap
Indefatigable devil that I am, I have been scanning the ETFs for any interesting short opportunities as these nosebleed levels. Looking at the domestic ETFs, I found precisely {checks notes} dick-all.
However, the Chinese ETF symbol FXI looks worthwhile, given the right triangle top that remains quite fully intact. I have shorted this just now with a stop-loss at 38.15. Beneath this chart is a longer-term one as a line chart, to eliminate the gap noise.
