The A/D summation indexes all sport topping patterns and surprisingly, the big cap is the most damaged. Below are shown the summation indexes for small-cap, mid-cap, and large-cap stocks:
Summation Arguments (by LZ)
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.
Pro-Gold Yield Curve Steepener Continues
10yr-2yr yield curve steepener continues after secondary extreme inversion; gold holds steady
Many have questioned why the gold price has failed to do the normal thing (decline significantly) in the face of high ‘real’ yields (an indication of very tight monetary policy)…
Wild First Week of Q4 (by Xerxes)
There’s no denying lots of action for both sides to make money this past week.
I decided to perform my entire analysis this week inverted. I always do this when things seem a bit stretched to try to rein in any bearish bias. The key areas I am watching are related to the breakout level of 4200, which was major resistance throughout 2022 into 2023, followed by breakdown level of 4360, which was prior support in late August. As for fundamental arguments on direction, I think sectors to watch will be how tech and banks start to react in the next week. While Friday left traders (i.e., me) shaken, I feel like this weekend I have had time to reassess and the bearish thesis still has legs. I will explain in further detail below.
(more…)Shrinking Strength
Observe how the percentage of stocks above their 200-day moving average has continued to shrink. Unlike mid-March, when that wretch Janet Yellen aborted what should have been a severe market swoon by way of her criminal BTFP scheme, this time there’s no such interference.
Bullish Pivot or Destruction Ahead
Using three vantage points, the US dollar, the Gold/Silver ratio and the 10yr-2yr Yield Curve, broad markets are indicated to be at an important decision point
There sure are a lot more indicators NFTRH uses to gauge the macro, but these three will suffice for the point of this article, which is that change is coming and the nature of that change could not be more different in its two potentials.
(more…)