Well, it’s nice to see at least ONE equity market getting blown all to hell. That’s Brazil. In a way, this collapse was neatly predicted by the ultrashort BZQ, which had a beautiful base. It has been a monster ever since.
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.
Dat’s a Spicy Meatball!
Having gone to bed after writing last night’s post, I woke up at 2 a.m. and glanced at the iPad permanently placed at my bedside. I was very surprised to see – – well – – just about everything. For one, there was an absolutely huge spike in bonds (green tint) which, as I am typing this now, has almost totally faded.
Geopolitical Influences on World Markets
The following year-to-date graphs of the U.S. Major Indices and Major Sectors show that market participants have favoured riskier technology, small-cap, and consumer cyclical stocks.
Israel’s Tel Aviv 125 Index Poised for a Rally
As Israel prepares for the relocation of the US Embassy from Tel Aviv to Jerusalem on Monday, the Tel Aviv 125 Index (TA125) appears to be poised for a rally.
Price closed on Friday just above major support of 1325 and is trading in between the 50 and 200 moving averages, as shown on the following daily chart.
A break and hold above the 50 MA at 1337, along with a rise in the RSI above 50 and further strength in the MACD and PMO indicators, could see price retest 1400, or higher. The higher swing high on the RSI is hinting of further strength. If such a scenario were to materialize, it’s important that the 50 MA remain above the 200 MA, lest we see a bearish Death Cross form, followed by selling. (more…)
