Financials and Bollinger
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.
Bob You Banks
As economic data continues to worsen, and the jobs situation has clearly moved past the point of peak prosperity, equities are – – naturally – – roaring higher, as they have all week long. We’re up about 1500 points on the Dow from the bottom just a few days ago. In the midst of this, I’d like to suggest you keep a close eye on the banks, as they’re not buyin’ it.
Meat Helmet
Earlier today, I sold the entirety of my XLF puts, in spite of the fact they don’t expire until January 2020. I’d like to get in again at a good price. But I felt it was an opportune time to scoot, based on the trendline support.
Financial Distress
It was with some concern a few days ago I expressed in a post to my Gold and Diamond members that the financials were breaking to the upside. The failure of the XLF is/was an important part of the prospect for any downtrend in equities. As of this writing, this breakout remains in place, but XLF demands close and constant observation.
Financial Indicators
Looking at a trio of overbought/oversold indicators, set to their slowest parameters, the financial sector definitely seems richly-valued.
