I think the graph speaks for itself. This is a beauty, particularly since it got hammered into a bearish reversal on the Powell Put day.
Beautiful Transport Top
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.
Futurama
I was playing around with the Future Trend function in SlopeCharts this morning, and the results I was seeing among ETFs was fascinating. Since Future is based on past price behavior, it is very, very, very biased to the upside, because – – in case no one mentioned it here on Slope – – central bankers have firehosed trillions of dollars of “money” at assets for the past eleven years, so things are tilted skyward.
With that in mind, let’s take a look at what is projected. The “diamonds”, the ETF based on the Dow Industrials, looks poised to continue marching in perpetuity. What I find really interesting – – and you’ll see this on many charts below – – is how obedient even future price action is with respect to the drawn objects.
(more…)Musty MSCI
I gotta tell ya, it’s a figurative as well as literal pain in the butt to try to manage a zillion positions from a tiny laptop with a whisper-thin Internet connection from seven miles above the Earth……..but I’m managing.
Below is a short I just entered: the MSCI EAFE ETF symbol EFA, with a stop-loss at 67.00:
Real Reflexive
My real estate shorts are doing well. This is because interest rates are going up due to bonds going down………..
Mining Island
There has been an interesting reversal pattern with the metals & mining fund, symbol XME. This island reversal was intriguing enough for me to add to my existing short of XME with an updated stop-loss price of 28.05:
