This post was just published on ZYX Short Sell Change Alert
The additions to SLV this morning and SLW trade is based on the assumption that the move up after the initial move down is a head fake. However, please be aware that we may be wrong and if we are wrong these trades will have to be closed at a loss.
Aggressive investors may not yet enter stops but conservative investors may consider stops on SLW in the zone of $34.52 to $35.56. On SLV in the zone of $30.52 to $31.28. Equivalent in futures is $31.76 plus.
