The head & shoulders top is complete. Here is IYT:
Transports Ready to Dive
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.
Below the Midline
Here is the Dow Utility ETF, symbol XLU, whose explosive rally over the past few months have put it just below the dashed line.
Transports H&S
In spite of lifetime highs on every stock and every index in existence, the Dow Transports are not playing along. Check out the well-formed H&S top, which is nearly done.
Bond Pattern
The universal opinion now is that the bond bear market ended months ago, and bonds are an amazingly cheap investment, protected by the pristine reputation of the U.S. of A.
The Core Issue (by LZ)
Apple sits at the 2003 uptrend formerly-support-now-resistance line and is testing the AAPL/SPY ratio top. The company is still in a long-term uptrend versus QQQ. Break this one and the whole market is in trouble given Apple’s weight in the indexes and funds.
