The market is quite peculiar now, because the markets of strength are principally from the Old World. For instance, France (France!!?!?!) has sustained a very clear breakout, which it has tested successfully. Is there a renewed interest in 1974 Renault Le Cars or something? But the chart doesn’t lie (and all these charts, naturally, are from SlopeCharts).
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.
“Sell” Signal Triggered on Brazil’s Bovespa Index
A new “sell” signal has triggered on all three technical indicators for Brazil’s Bovespa Index (BVSP), following Thursday’s “shock drop,” as shown on the Daily chart below.
Near-term price resistance and support levels sit at 65,000 and 62,500, respectively, followed by longer-term support at 57,000.
Ewwwwww – – Again
My “Lessons I Never Seen to Learn” list has a growing number of entries. I’ve talked about the Gartman one repeatedly, but another one is this – – never short Mexico! I just can’t seem to get it right with this financial instrument. One of these days I’ll finally realize: NO MAS! Just look at all these price bar islands…………
Hail to the Chief
In case any of you might be feeling awkward this morning about our leadership, here’s some relief from abroad……..apparently the King of Thailand is suing Facebook to keep pictures like the one below off the Internet. Umm, good luck with that, your highness.
Oh, one other fun fact – – see the fluffy white dog being held by the lovely lass? That dog was the Air Marshall of the Thai Air Force. I kid you not. His name? Fufu.
