Finding the edge in analyzing unique market Cycles.
Financials looking strong this morning.
SC, silver might bounce here to $34-35 before it heads lower?
Silver has been really weak. $34.75 for SLV is a spot that I am looking at.
SC,Nice calls. I appreciate you sharing your knowledge.
gold drop below 1500 O_O, silver below 34 O_O. It a short week in canada, July 1st holiday.
Another good call on SLV and SPY again, SC. Have you noticed your followers increased from 22 (when I actually followed) to now 44. I greatly appreciate your efforts to avoid me jump in or out on a wrong time frame. On sliver, I'm looking for a top of SLV and then prepare to short (buy in HZD) since I located in Canada. Cheers.
Thanks guys! This mkt is a trader's dream. I think we'll see the volatility continue (increase actually) this summer with plenty of action for bulls/bears.Let's see if we can keep on the right side!!!
Roger, don't mind, what is HZD?
Thanks for your great analysis SC, I also enjoy the comments from the other followers on here as well.It does look like it is going to be very volatile as you mentioned. Interesting times ahead. Keep up the great work :)
thanks for your hard work!
AuAgBuyer, HZD is Horizons BetaPro COMEX Silver, it's a 2x leverage of shorting silver. http://ca.finance.yahoo.com/q?s=HZD.TO&ql=0Also, on the other hand, the HZU is on bull silver.Since, it's a leverage thus regarding the increasing volatility, the accurate time frame is very important as SC devoted.
SPX pushing up late in the day, but I notice financials are slowing after performing well first thing this morning. That might indicate another sideways/dip coming next.
Hi SC wondering what your take on the silver price drop today? would it continue tomorrow as well? or a bounce is coming?
Silver has been very weak since it broke down below the main Red trendline. It seems that it should start to catch a bid soon. I've been waiting for a better set up.
Thanks Roger, I will look into it, its new to me...
SC,You think the SPY will pullback in the remainder of the week? Sell on the news on the Greek vote?
love for SPY to drop a bit more though, what you think SC with the rest of the week for SPY, July 4 is coming soon, long weekend.
I picked up some SPY Aug 128 puts at close. Although, I'll admit, I may have bought too early, but even if we don't see a downturn this week, I'll keep averaging down. One thing for sure, like SC said, I love these volatile markets, its a traders dream.
Update coming, I have a plan for the next week.