We are awfully close to that price gap on the Hang Seng Index. Will this be the end of the China sell-off?
Hang Seng Gap
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.
Another Chance from Super
Scandal-plagued Super Micro Computer Incorporated (SMCI) keeps fighting back to its gaps, and it’s happening again. This might be presenting another appealing risk/reward ratio now that the accusations against SMCI have, for the moment, dissipated.
Short Dell
No clever post title this time. That pretty much just lays it on the line. It’s all about the price gap.
Next Test for China
Chinese stocks have clearly dared to glance at a tiny bit of reality, as the absurd burst from weeks above has partly dissipated. The next key test for the Hang Seng is the price gap at 19954.06. Break it, and bears will continue to smash the vases in the gift shop.
Feel the Burn
As I predicted/hoped on Friday, crude oil is resuming its weakness, as it continues on its long slog of lower lows and lower highs.
