I am continuing to have great fun with virtual trading (and we’re improving it all the time behind the scenes), and yesterday I bought some puts on GDX, the precious metals mining ETF. So far, so good:
Teetering Miners
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.
Bank On It
As the market struggles with whether we are heading to 4,600 on the S&P (as the good people at Goldman Sachs assert) or instead lose of the recent mega-rally, I would suggest keeping a close eye on KBE, the bank sector ETF. We are at an important resistance level, just beneath a substantial cluster of overhead supply.
Triple Small
Below is the chart of TNA, the triple-bullish-fund based on small caps. It seems to me we have run into a wall of resistance, indicated by both a horizontal line and a shorter diagonal.
Election Update
Fulsome Funds
Greetings from the abandoned courtyard of the Computer History Museum. It is nighttime, and I’m by myself (since no one else is lunatic enough to be out here). In fact, I just remembered I actually did a video tour of this museum years ago. Lots of memories here!
Anyway, that’s not what this post is about. I just wanted to bang out a few words about some key ETFs in this nail-biter of a week.
First up is commodities, by way of DBC. We are mashed right up against the Andes Mountain Range of resistance. I think commodities overall are about to reverse lower, led by oil.
