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.

Money Flow (by Strawberry Blonde)

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Firstly, I apologize for the length of my post, but I have a lot to say…thanks for bearing with me!

Further to my last weekly market update, here is a summary of where money flow ended for Week 4 of March 2012.

The Weekly charts below of YM, ES, NQ & TF show that YM & ES made a lower close and NQ & TF made a higher close than the prior week. The uptrending channel is still holding as support and direction for the Weekly timeframe. Secondary support levels lie at the middle Bollinger Band (12440 for YM, 1298 for ES, 2438 for NQ, and 772.80 for TF). Both the YM & TF pierced below their lower channel, once again, but managed to close inside…ones to watch for potential developing weakness.

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Volatility Rising Again on Foreign ETF Weakness

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Further to my post of March 6th, volatility rose again on Thursday's decline in most of the Foreign ETFs on my Daily chartgrid below, as represented by the white histogram which is just below price.

India, Brazil, China, and Chinese Financials closed below those March 6th lows today, and the Emerging Markets ETF (EEM) closed just above…ones to watch, particularly in view of the comments noted in my posts on the BRIC countries on March 15th and March 12th.

Additionally, I'll be watching to see if further downside continues on the other Foreign ETFs in view of the build in volatility and Thursday's continued decline in the U.S. Major Market Indices.

 

 

http://www.strawberryblondesmarketsummary.com/

Will the American Consumer Save the Day?

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Global economic data released Wednesday night and Thursday morning showed multiple contractions in manufacturing in China, in manufacturing and services in Germany, France and Europe, and in European industrial new orders. Additionally, core retail sales contracted in Canada, the price of homes continued to fall in the U.S., while the U.S. Conference Board's Leading Index rose, and unemployment claims dropped in the U.S.

That leaves saving the American economy up to Americans this year. With heavy debt loads already being carried by the average family, as shown below, one can see that will be a very monumental task (click this link for a bigger graphics picture). As noted in my post of March 7th, the levels of consumer debt accumulated during the past three months are higher than they were in 2007/08 just prior to the financials crisis, and are at their highest levels seen since January 2000…an interesting scenario considering that personal income has declined, as mentioned in my post of March 1st.

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EUR/USD “Diamond” Pattern

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Looking at the bigger picture, I'm watching the EUR/USD on this Monthly chart to see in which direction it breaks, once again, outside the rough "diamond" formation. At the moment, price is trading just below the dividing apex line. The high and low of the current month represent near-term resistance and support (1.3355 and 1.3003, respectively).

 

 

http://www.strawberryblondesmarketsummary.com/

Money Flow for March Week Three

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Further to my last weekly market update, here is a summary of where money flow ended for Week 3 of March, 2012.

The Weekly charts below of YM, ES, NQ & TF show that they all made a higher close than the prior week. The uptrending channel is still holding as support and direction for the Weekly timeframe. Secondary support levels lie at the middle Bollinger Band (12386 for YM, 1291 for ES, 2419 for NQ, and 768 for TF…note the bullish crossover of the mid-BB with the 50sma on TF this week…now the mid-BB is above the 50sma on all 4 e-mini futures indices).

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