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.

Emerging Markets ETF: Cheap to Buy?

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The following monthly chart of the Emerging Markets ETF (EEM) shows that price has dropped below major resistance around the 50.00 level, after rallying towards its all-time high of 55.82. Near-term support is at 45.00, while major support lies below at 40.00 (the apex of a converging trendline and channel), or lower at 35.00 (historical price support).

Whether or not its current price represents fair value on this longer timeframe remains to be seen. The fact that January’s gap up has now been filled may be a warning that lower prices are ahead, before this ETF begins to stabilize and present more of a viable buying opportunity.

Short-Term Energy Bounce?

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As the outset, I’ll say I think oil is heading much lower, but for the moment, it seems energy stocks are………dare I use the word?………..oversold. I at least wanted to point out this mildly-interesting chart of the triple-bullish ETF symbol ERX, which is nestled on a supporting trendline.

energy

As for my portfolio in general, the jury is still out about whether my lightening up this morning was wise or foolish. I remain short at about 100% of my portfolio’s value, but the difference is that I came into the day 200% short.