The consistency of the emerging markets in 2018 is enough to bring tears of joy to any chartist’s eyes. This has been a super short since I entered it at the last touchpoint.
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.
The Idealized Path
I am admittedly talking my book here (or, more specifically, my lack of book, since I am out of my XLU puts and want to get in at a better price), but I’ve speculated below as to some idealized paths for the utility index and bonds (TLT) for the balance of the week. Tomorrow, Wednesday, is “Fed Day”, and that’s bound to thrown some shock waves around.
Regards to Emerging
As suggested late last week, the emerging markets (EEM) has done a U-turn precisely where it should have. My short positions and puts both say “thank you!”This market has been breathtakingly consistent all of 2018.
The Letter of the Day
Since it appears the loftiest thing the citizens of the United States can seem to discuss is either
(a) which Mario Kart 
character the POTUS’ wanger most closely resembles; or
(b) whether or not two felt puppets are actually gay or not (see image to the right)
Then I guess I’d better just repeat what I did yesterday and sing The Alphabet Song. Or, more precisely, share with you what I thought were interesting charts as I thumbed through my ETF watch list from A to Z. Some will be repeats from yesterday, and some others will not.
I’d be lying if I said I wasn’t disappointed in the action on Tuesday. Although I’ve been through enough disappointment to not get excited about a big double-digit drop on both ES and NQ during nighttime trading, even I wasn’t cynical enough to think that ratcheting up the trade war would actually push markets to lifetime highs in some cases. And yet that’s precisely what happened.
So here we go again.
First off we have commodities, by way of DBA. In spite of oil’s crazy strength in recent months, my view is that commodities in general are more inclined to weakness than continued strength for the balance of the year. (more…)
From A to Z
I first want to say how pleased I am at the warm reception Slope Memberships has been getting. It is proving more popular than I anticipated, and I’m definitely going to be focusing my efforts on adding features to all the membership levels. As a reminder, you will see new features appear here on Slope on a regular basis, but rest assured they will all eventually get tucked behind the seclusion of one membership plan or another.
As for this post – – there is going to be an unapologetically non-creative theme for this post: I have gone through my ETF list, from A to Z, and have plucked out my favorites below. I have a few words for each one.
Commodities are poised to fall.
