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.
Just about the only outlier in this stocks-go-up-no-matter-what market continues to be the consumer staples fund, which quite clearly has broken its wedge and is threatening a sustaining downtown. Seems like science fiction, but………honest!
One day does not a trend make, but I wanted to share that the home construction fund, symbol ITB, has a bearish engulfing pattern today.
Endless trendless. Up, down, up, down. Call it what you will. But for many financial instruments, 2019 has been a cyclic grind. I think the Transports do a great job illustrating this, particularly when see with the CCI and %R:
As strong as stocks have been lately, one particular group which has shown Herculean strength has been homebuilders. One ETF in particular, symbol ITB, has made a habit of making daily highs. Looking at the Bollinger Bands, however, we would seem to be, shall we say, stretched to the upside.
