With price approaching a major support level at 0.600 on this 3-year Daily ratio chart of the SPX vs SSEC (and diverging RSI), and with price essentially vertical on the 3-year Daily chart of the SSEC (and diverging RSI, MACD and Stochastics indicators), I’d say that we’re close to a blow-off top on China’s Shanghai Index. (more…)
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.
TSX Index On Its Way To 13,650 Again?
As I write this post around 10:45 am ET on Monday, January 5th, Canada’s TSX Index has plunged by 310 pts., as shown on the following Daily chart.
A hold below the 50 MA (a bearish Death Cross formed awhile ago and was retested twice) could see price drop to retest the double bottom around 13,650, or lower. Watch for a bearish crossover to form on the MACD and for a drop and hold below the zero level to confirm such a scenario. (more…)
China Higher?
China is to 2014 as Japan was to 1989 – – that is, the global savior of all things financial, including real estate. Here in the Bay Area, skyrocketing home prices (especially for trophy properties) are partially attributed to rich Chinese buyers looking for a safe (!) haven. There’s no way I’d buy into it, but the Chinese stock market looks poised for possible strength as it enters a new year:
Emerging Turgid
The bear market resulting from the Greek election lasted about 37 seconds early this morning, but we’re now back to new-highs-everywhere mode. One notable exception continues to be emerging markets, which I think are setting themselves up for a start-of-2015 tumble.
