This post was just published on ZYX Short Sell Change Alert.
Consider staying short on silver ETF SLV and silver miner SLW. Silver is trying to break the support a $33. (Equivalent in SLV is $32.10.)
If silver closes below the support, then the support will become the resistance.
We are seeing light selling by Smart Money in silver and SLW.… Please click here or the title below to read more.
This post was just published on ZYX Buy Change Alert.
EW makes systems for operating heart valves. The company just announced much better than expected projections for the year. This is a highly volatile stock with a very high risk.
Initiating a 10% tranche in the pre-market at $87.26. It is difficult to say where it will open in the regular market. Only aggressive investors may consider starting a very small position at the open preferably under $87.50 but investors may have to take liberty with this price point.
Stop zone $81.48 to $82.73.
Target zone is $110 to $113.
Caution: This trade is not suitable for conservative investors.… Please click here or the title below to read more.
Traditionally gold has exhibited an inverse relationship with the U.S. dollar. In other words, if the dollar goes higher, gold goes lower and vise versa.
Today gold and silver are breaking the inverse relationship with the dollar. The dollar is lower and gold has fallen to support at $1700.
As expected, no Smart Money selling is being seen as Smart Money typically does not sell in this range but sells only when gold goes higher. However, the momo crowd is usually a strong buyer in this range. Interestingly not much buying from the momo crowd is being seen this morning even though gold and silver have fallen to major support levels.… Please click here or the title below to read more.