It’s the same picture no matter where you look: a gap and a trendline. To the bulls’ credit, neither was violated during the modest selling from last week.
Crucial Support
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.
Exceptional Intelligence
After being the most wretched member of the semiconductor space, Intel has been rallying mightily lately. If it gets close to that gap, I’d say this represents an intriguing opportunity. For now, I wait.
Two China Gaps
FXI is sporting two prominent gaps which I believe will draw prices lower in the days ahead:
United Gap
United Airlines (UAL) has had a huge move up lately, but I wanted to point out an important price gap that it is approaching. I may consider taking on a bearish bet for UAL if it gets any closer. The gap is highlighted in the chart.
Nailed China to a Tree
If I may engage in the exercise of patting myself on the back, my oft-repeated declaration that the gap on the $HSI was the target was prescient. I haven’t computed it, but this looks like 99.99% spot-on.
