As I’ve been judiciously tiptoeing into new positions, one of them is EFA, based on this very clean price gap. I’m amazed that we’re back at these levels, but it makes for a very slick risk/reward.
One Gap of Note
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.
Financials Gap
FAANGs That Bite
The ETF which tracks the fabled FAANGs stocks is FNGS, and it has retraced nicely to its gap.
Precious Ceilings
In SlopeCharts, you can automatically show the price value of a horizontal line. I’ve done so below so you can easily see the dollar figures of the various price gaps which I believe constitute resistance for these precious metals-related ETFs. As always, click on any chart for a much larger version.
Fully Cocked
I’m only an hour into the trading day, and it’s been quite a party so far. I have ramped up from medium-aggressive to hot & heavy, taking advantage of this morning’s ceasefire strength.
