I wanted to buy more SLW (silver) but didn’t have the cash. Right now I’m trading the tax-free account and there’s an annual limit to
readI’m looking at this chart and think there’s a pretty good chance the stock will drop to $15 within 2-4 months. It also sorta looks
readHere’s the $BKX chart, the bank index. (The same is happening with [[XLF]] so I won’t post both.) There are some oscillator-price divergences and heavy
readBreak out or break down? Place your bets. Typically this would be a breakout pattern (should break above, through the flat side). However, volume is
readNo comment… EPS this year [[SPY]] : -225.64% [[XLF]] : -1,888.64% Performance YTD [[SPY]] : -3.28% [[XLF]] : -11.77%
readThe market is overbought and here’s my case Click charts to enlarge $SPX Retraced nearly 100% XLF Looks good. Low-volume week and WFC pre-announcement
readHere’s what I’m seeing — [[XLF]] (Financials) and [[XLU]] (Utilities) are both basing under resistance. Click charts to enlarge
readS&P 500 ($SPX) 2-year weekly chart of S&P 500 index Getting overbought, so we can probably expect some weakness in the next week or two.
readFinancials have higher to go, in my opinion. Depending on today’s close the picture may change, however, lots of positives in [[XLF]] chart: Click to
readThis is just a friendly reminder why I like to short these simultaneously. A picture is worth a thousand words: Click to enlarge
readClick charts to enlarge BKX Bank Index Former support level at $25+ is now resistance. Note, there’s no open gap in BKX. XLF XLF has
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