ADD TO SLV
August 23, 2012
This post was just published on ZYX Short Sell Change Alert Consider adding a 5% tranche to SLV around $29.88.
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 Consider adding a 5% tranche to SLV around $29.88.
This post was just published on ZYX Short Sell Change Alert Consider short selling a 5% tranche on SPY right here around $141. Also consider entering limit orders for a 5% tranche around $142.11 and another 5% tranche around $142.94. No stops for the time being. Target zone is $132 to $136.
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