Last Friday, May 6, the official low for the Silver ETF $SLV was 33.60, but if you were paying attention to the premarket trading you would know the real low was 32.28. Premarket this morning, $SLV has traded as low as 31.55 and has been trending higher above a rising VWAP. The inset chart shows … Read More
Tuesday’s action made it look like the markets were setting up for another leg higher, but todays selling reveresed those gains and leave the markets vulnerable in the short term. This video takes a look at the trends and key levels in $SLV $SPY $QQQ $IWM $XLF $OIH $SMH and a few individual stocks.
Markets experienced a low volume rally today and the intermediate term trend is still uncertain. I mispoke at the very end of the video, meant to say if they don’t scare you out they will WEAR you out in reference to the bounce in $SLV. Also in the video; $SPY $QQQ $IWM $XLF $C $SMH
Equities pulled back a bit this week, but there was real damage to commodities and major movement in currencies. This video takes a look at key levels to be aware of for the week ahead. Covered in the video: $SPY $USO $SLV $XLF $IWM $SMH $QQQ $XLF $S $TSLA and a few others. Have a … Read More
There are a number of technical levels of significance on the $SLV chart below. First we can see the blue arrow which shows the year low to the year high, beside that arrow are three arrows which represent Fibonacci retracement levels. Yesterday, SLV found intraday suport at the 38.2 % retracement level. The question is, … Read More
