Beautiful!
Finance ETF Gap is Sealed
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.
Bank of Uncertainty
This chart of the Bank of America neatly captures my current quandary: on the one hand, the prospect for a big breakout has been neutralized, but on the other hand, we’re so oversold that we stand the risk of a counter-trend rally. Bleah!
PREMIUM: Lesser Banks
I’ve gathered up nine charts of financial institutions which are looking quite vulnerable to a substantial drop in prices. I’m already in position on some other financial entities (ALL, FITB, MET, PRU, RF) so I’ll content myself with those. Here is the first one out of this fresh set of nine, and the other eight are visible only to paying members.
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The Crucial Test of Banks
No, I’m not referring to the everyone-gets-an-A “test” the government pretends to give the banks. I’m talking about the banks ETF below. If we find support at the dashed line and rally, well, this fun bear slippage could be over, at least for a few days. On the other hand, if we violate this line, HUZZAH!
Key Bank Test
The topping pattern for the banks (in pink: duh) was massive and following, appropriately, by a plunge. After it had fallen hard, the banks were saved by that swine Yellen and her schemes and pushed right up against overhead supply. At that point, they began to reverse, and now they are back to the bottom of the “drop zone“. The question is: will KBE re-penetrate the green tinted zone, or will it find new strength from here and remain range-bound?
