SLW forming a bump & run formation. Moneyflow is improving.If it can hold the support around $19.77 & breaks about it can easily go to next resistance around $25 Trade Criteria Entry Target Criteria- Break of Resistance around $20 Exit Target Criteria- $25 & higher Stop Loss Criteria- $19.77 You can check detailed analysis on SLW in the trading room/...
There is one weekly target that hasn't been hit yet, and I suspect we might hit it very soon, so I'm willing to risk taking a long position here, with 23 point downside risk. Let's see if we can attain the weekly 'Time at mode' target before our stop loss gets hit. You can risk between 0.5 and 1% on this trade, and then look to add as it moves in profit, further...
1. P, 79% 2. FCX, 76% 3. X, 75% 4. TWTR, 67% 5. STX, 57% 6. ABX, 56% 7. NFLX, 56% 8 GG, 53% 9. SLW, 52% Naturally, we are coming into earnings season here, so there's a reason that some of these have high IV here (e.g., NFLX announces in a week and a half). Ordinarily, I like IV to be >50% and IVR (current IV's level relative to where it's been for the past 52...
Silver has seen an unexpected rally to most and continues to show strength as holdings of silver-backed ETFs reach all-time highs. Since posting "Potential Inflection in SLV: Price Action and Options," (under CommoditiesTrader) SLV is up almost 22 percent. However, near-term there will be a correction to work off the overbought conditions. The RSI was quite...
We can take this trade Tim West pinpointed today, since gold retrace slightly and silver hasn't yet, this is an ideal entry for both trades. You should size them using 3 times the daily ATR, to risk a full position on each side. This keeps positions volatility adjusted on each leg of the pair. Hold it, long term, possibly past December 2016. Gold looks like an...
RunningAlpha dot com Capital Markets Intelligence High Priority Update for Monday, May 2nd, 2016 Although $39 and $36.50 remains baseline intermediate to long-term support for Light Crude Oil ( in reference to June Contract Pricing ), the recent advance upwards has opened the door for a further short covering rally upwards to $62 to $65, and perhaps $74 to $76...
Sometimes we get caught up in the day to day and hour to hour bars, but if we truly set a bottom at beginning of 2016, then we have a long way to go on this move up.
May be a chance for consolidation/pullback here to break through this high traffic area. "Overbot" conditions support some cooling off is possible.
SLW is expected to trade down to the $20 level, then go long during the trend reversal.
With the gold miners stocks tend to have a very volatile behavior. They correlate with the equities market as well as physical gold. Hence they tend to gap up and down. That's just its personality. Looking at the long term view, it still looks bullish and the inverse head and shoulder is still intact. Possible morning star reversal forming if it if gaps up...