One ETF which shows the unwavering power of the recent up-move is the triple-bullish-on-real-estate symbol DRN, shown below. The “lower highs” remain intact, although it’s getting dangerously closely.
DRN the Swamp
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.
Soft Commodities
Commodities, led by oil, have been very strong since December 26th (just like equities). We are approaching the 50-day EMA, however, which could be an exhaustion point for this sector.
Retail Short
In honor of Sears’ demise today, may I offer this short idea: the retail exchange-traded fund:
Consumer Staples Diamond
I stumbled upon an extremely well-formed diamond pattern last night with the symbol XLP, which is the consumer staples ETF. I’ve drawn it below with the SlopeCharts polygon tool:
DRIP Rip
If you watch my tastytrade show, you’ll recall I had pointed out some powerful formations in the energy bearish funds. DRIP has been absolutely on fire lately:
