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
The markets continue to send mixed messages and this video takes a look at the levels of importance for key markets and some individual stock setups.
The market has become more voaltile as world tensions rise and the price of oil is now over $100/bbl. This video reviews the key levels of support and resistance and a few scenarios for the next couple of days.
The market is showing signs of fatigue, will seasonal bullish forces be enough to hold back further profit taking? This video takes a look at key levels in the major indices.
The markets may seem “extended” but the trend remains higher and until the pattern is broken, the burden of proof remains on the sellers.
The SPY held above the flash crash recovery high and looks set up for further strength, this video examines key levels for the SPY and other key indexes.