I thumbed through my ETF charts this morning and noticed a couple of interested overseas items. First off, the emerging markets makes for an interesting short idea with a clean stop-loss at 50.31 (which is just above that horizontal, anchored to the gap).
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: Major Support & Resistance Levels
As noted on this compressed monthly chart of China’s Shanghai Index (SSEC), price is currently in between major support (the apex of trendline convergence) at 3000 and major resistance (38.2% Fibonacci retracement) at 3368.
US, European & Chinese Financial ETFs Weaken
The following daily ratio charts show the performance of three Financial ETFs with their respective country/union’s Major Index, namely, XLF:SPX, EUFN:STOX50, and GXC:SSEC.
Each of them has weakened compared with their counterpart index during the volatility spike that occurred in world markets over the past couple of weeks. These ratios had either reached or broken above some sort of resistance level and are now above near-term support.
If we see the RSI decline below the 50.00 level, this could be a warning signal that their indices may weaken more than is currently anticipated. (more…)
German Stocks in SlopeCharts is LIVE!
Well, folks, I’ve just made SlopeCharts do yet another thing ProphetCharts was never able to do – – give you German stocks! I am charging the same rate for access to this data as I am charging for SlopeCharts: $0.00.
Crypto Charts I Actually Like
As the cryptos were going into a death spiral Thursday night and Friday morning, a couple of them caught my eye as good buys. I don’t trade the stuff (although some people have emailed me, encouraging me to do so), but if I had an account, I think I would have bought Ethereum when it was down about 45% on Friday morning. It recovered decently already, and its pattern was far, far better than Bitcoin’s.
