Sometimes a chart is so lovely it simply must be shared. I present to you the emerging markets fund, symbol EEM:
Channel of Pulchritude
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.
Pythagorean Longs
Below I present five bullish equities which are either in the throes of finishing a right triangle pattern or have already done so.
Until It Was Too Late
A snowman in the shape of the Reddit alien in front of the Charging Bull statue in Manhattan’s financial district (image via r/WallStreetBets).
So Here We Are Then
Firstly my apology for the lack of an update last week. As I’ve mentioned, I’m negotiating my way through a difficult divorce at the moment, and some weeks are harder than others. On the harder weeks I struggle to get any posts done. As the weeks and months pass everything should be resolved and I can just move on and I’m really looking forward to that.
So what has happened since my last post? Well I noted wryly that I lost several twitter followers as soon as I published my last post, and I assume that was because I was looking for a support break and retracement on SPX, and that is exactly what we have seen. I think that the low we have just made is what I would call ‘the low before the high’, just a sort of stretching of recently unused muscles before a larger retracement gets going, and I’ll be looking at possible targets for that retracement in my next post.
(more…)Silver Isn’t The Next GameStop
We’re Bullish On SLV
Let’s get this out of the way, before we’re accused of being silver bears: we’ve been bullish on the iShares Silver Trust ETF (SLV) for months. Each trading day, we rank all the securities in our universe by our estimate of their potential returns over the next six months. We base that on our analysis of their past returns as well as options market sentiment on them. We broke down this analysis for SLV in December (Why-Oh Silver). SLV was one of our top ten names in our most recently completed top names cohort, the July 30th one.
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