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.
Just to shift gears, I’ll offer something somewhat bullish (although I don’t mean it for a second).
The emerging markets, mentioned here incessantly on Slope, have been extraordinarily chart-able for 2018. That’s plain to see from the tints I have provided below. At the moment, my eye is on that yellow since, which for the third day appears to be providing support.
Hey Gang! I’ll work out some kind of a standard format for my posts soon, but I would always like to present a trade together with a plan for the stop, profit, and target.
I don’t have a ton of time so here’s the trade. Healthcare is the 2nd strongest sector determined by its bullish percent index rank (currently at 84% P&F buy signals). It’s a simple, but effective way to rank sector strength. The only stronger sector is utilities at 89% P&F buy signals. If you’re not familiar with Point & Figure charting, it’s basically a way of taking time out of the chart and displaying only the price moves. Being on a P&F buy signal means that the chart is making higher highs and higher lows.
I looked at the top 10 holdings for XLV and JNJ stood out for me as being in strong condition and a stone’s throw from its highs. It is clearly making higher highs and higher lows within an established channel and has broken a short-term downtrend line. Details are on the chart, but this trade risks approximately .50c to make $6. (more…)
As I sit here on Sunday night, enjoying my pizza from Delfina Pizzeria, I’m waching the screen turn green, to the delight of equity bulls, now that NAFTA is going to survive. Only recently did it seem Canada was going to get left out in the proverbial cold, but the three countries of North America are all buddies again, and the ES is ripping higher.
Good morning, Slopers. It’s quite odd – – we had an enormous surge in traffic yesterday – – and I have no clue where it came from. It’s not like the market was collapsing (which tends to attract a lot of rubberneckers). Oh, well. I appreciate the interest in any case.
It seems to me the United States “full faith and credit” Dollar could be in for a turning point. By way of the UUP, shown below, we can see prices have slipped beneath the 50 and 100 day EMA, and the averages seem to be pivoting at an inflection point. As long as UUP stays beneath that red horizontal, it looks to be in decline mode.
Let’s face it, I don’t make many long suggestions on Slope, but ROKU has been an exception. This just keeps on doing what it’s supposed to do.
Today started off super-rough, but by the closing bell, everything was solid. This is quite peculiar, because the market itself didn’t change that much during the day.
I’ve become kind of Slope-obsessed lately, so you’ll continue to see improvements both on the site and on the products therein.
