ANR will trigger a long entry on a break above the downtrend line on the daily chart below. When trading breakouts of price patterns, waiting for confirmation of a closing print on the time frame of the chart that you are trading will help minimize getting sucked into buying (or shorting) a false breakout (or breakdown). e.g.- If trading off a pattern on a weekly chart, (more…)
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.
Commodities, Precious Metals, Economic Contraction
The ‘Commodity’ segment, excerpted and expanded upon, from NFTRH 251:
The commodity complex is famous for a sort of ‘Whack-a-Mole’ quality to it. Do you remember back in the go-go days when it was NatGas (2005)? Uranium (2007)? Crude Oil (2008) and then a cluster of Copper (2011), Grains (2011) and Silver (2011)? (more…)
Energy Chart Roundup
I wanted to post copies of many of the charts I examine on a daily basis. I found that there are just too many to post in one entry, so I’ll blast them all out over the course of the next couple of days. We’ll look at other cyclical names, dividend payers, banks, and health insurers. Simply drop by goatmug.com later this weekend. We’ll start with energy as it has been quite interesting of late. If inflation and global growth is muted, why do we still have $105 oil? Let’s jump in. (more…)
Bullish Consolidation for Gold – Mike Paulenoff
Spot gold is holding its recent gains exceptionally well and in fact looks like it is either carving out a high-level bullish consolidation area between $1340 and $1325 OR has already completed a minor pullback from earlier Tuesday at $1326.55 and embarked on a new up-leg. (more…)
Inflection Point Here
If we are to see a retracement shortly, or indeed if the bears are to get the double-top they are looking for, then this is the place to see it. At the least we should start seeing more two way action here now because SPX closed just under the weekly upper bollinger band on Friday. Weekly closes above this are rare, and even in a strong uptrend this can only rise 10-15 points per week, so more two way action now is likely. SPX weekly chart: (more…)
