ADDING TO SLV
August 23, 2012
This post was just published on ZYX Short Sell Change Alert Adding a 5% tranche to SLV at $29.61.
Proven Track Record of Most Accurate Analysis
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of Most Accurate Analysis
This post was just published on ZYX Short Sell Change Alert Adding a 5% tranche to SLV at $29.61.
This post was just published on ZYX Short Change Change Alert Initiating a 10% tranch short on SLV right here in the pre market at $29.42. The trigger us that silver is moving up on stale FOMC minutes. CAUTION: The risk is high because of data from China released overnight. Please carefully follow the Trade Management Guidelines. The plan is to short more as silver goes higher.
This post was just published on ZYX Buy Change Alert Smart Money actions in silver and miners were especially interesting today. For the first time in weeks, Smart Money was buying gold in size before release of the FOMC minutes. After release of the FOMC minutes, when gold crossed $1652 Smart Money was aggressively selling, but the net for the day was the biggest buying seen in weeks. Smart Money was a consistent seller of silver. Smart Money was a heavy buyer of ABX, NEM, GDX, GDXJ, GG, SLW, PAAS, and CDE before the FOMC release, as miners moved higher,
Some stocks have been partying like it is 1999. The frenzy over iPhone 5 has turned into a mania. The rest of the market has been “melting up” (in the words of a fellow Trading Deck contributor) on hopes that central banks will do more. There is an old saying, “Forewarned is forearmed.” The technical patterns traced Tuesday show that this stock market is heavily dependent on the performance of Apple AAPL stock. The chart below compares Apple with Nasdaq 100 futures on a one-minute time frame. In the morning, Apple was going up, and the market followed. Then Apple started
Apple dominates music players, online music, smart phones and tablet computers. Steve Jobs’ dream was to dominate the TV business, too. There is no shortage of speculation, rumor or innuendo about iTV. Since I am in the business of detecting change before the crowd and building positions in stocks before Wall Street catches on, I carefully study the rumors. However, until recently I did not find anything in the rumor mill that will help Apple dominate the TV business in the same way it dominates other businesses. I keep coming back to the following statement Tim Cook made to his shareholders earlier this year, You can
This post was just published on ZYX Buy Change Alert Our read of the FOMC statement is that QE3 is on track. Many FOMC members favor easing soon as they seem to be focused on high unemployment. As a result of the statement, stocks are spiking up, bonds became stronger and dollar slumped. Most notable is the initial spike in gold to $1646.75. This is notable because gold broke through heavy resistance at $1640 – $1642. The next big resistance is $1672 – $1675. Caution: FOMC minutes are released to the public after considerable delay. The economic data that we have been writing about in our morning capsules
This post was just published on ZYX Buy Change Alert The position is long with an average price of $34.14. Currently, 15% of the full core position size is being held. There is no change in our fundamental thesis on JPM. More profits are yet to come. However the market is over bought and in keeping disciplined of our method it is important to book some profits. The plan is to add more at better prices. What To Do Now? Those in the position and are large accounts may consider taking profits on a 5% tranche around $38.67. Those in the position and are small
This post was just published on ZYX Buy Change Alert Momo crowd started buying gold this morning when the dollar weakened against euro. When gold broke out of the resistance, our algorithms show that heavy short covering ensued. Yesterday we wrote that there was a very, very short-term trading opportunity. That opportunity has now materialized. Congratulations to those who caught on. Please remember that this is mostly a technical move and not a fundamental move. Those who went long yesterday may consider taking profits on gold right here around $1638 – $1639 and on silver $29.15 – $29.30. Long-term investors may not participate