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.

China’s Shanghai Index Approaching Freefall

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I last wrote about China’s Shanghai Index in my post of June 19.

This index is in bear market territory and is headed toward its last (monthly) swing low of 2638.30, as shown on the following monthly chart of SSEC. A break of that level could see a swift drop to its next major support level of 2260, or lower.

Both the momentum (MOM) and rate-of-change (ROC) indicators are below the zero level and are accelerating to the downside on this timeframe. Watch to see if they make a new swing low below the one made in February 2016.

If so, this index could be headed for major problems, and the increasing trade war with the U.S. is not helping. (more…)

Max Headroom

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Stocks vaulted higher (once again) today, with many indexes at or very near lifetime highs. There certainly may be gasoline left in this most recent rally, but I wanted to point out some important thresholds in emerging markets that could mark a point of exhaustion, since these markets will be hitting their own lead walls of overhead supply.

First, very broadly, there is the emerging markets. I’ve placed a marker showing where SlopeCharts indicates the point of resistance.

EEMLINE (more…)