US Index performance with metals YTD

If weakness appears I will take the last day high as a stop. As of now, bears were not able to break lower. I do not read relative strength in NQ vs SPX but this will change during the day if bulls are able to take control

Signs of exhaustion at $SPX and $Silver +46% YTD

Asian and European prices are moving the SPX higher and higher  for the last 6 days. Once the SPX fails to consolidate higher short sellers will had their opportunity. In the long-term there is a positive outlook for equities all over the world.  Metals specially Silver is bullish with a 46% YTD    

Take Profits on silver $SLV

Consider taking partial profits on a 15% tranche on silver in the zone of $16.50 to $16.70. It is trading at $16.63 as of this writing. SLV eq is $15.95. Consider continuing to hold the remaining position.

Shorting Silver #SLV #Silver

There are multiple reason to short silver, I am doing it as part of the hedge program with another VIX trade.  I am shorting after hours at he current bid.     SLV short at 16.57  

Adding shorts on silver

There were no momentum today in the SPX but there a change of closing near the highs. Adding a short in Silver at this levels    
  • Published in SLV

Short GOLD

Starting a short on gold using GLD $127.15 to $128.