Silver is sitting right at an important technical level at 28 on the SLV ETF. If you take the topping pattern in silver over the last few months as a […]
Category: Technical Analysis
Gold and Silver Bounce Back
Gold, silver, and mining stocks finally got an oversold bounce today after being drilled for almost the entire month. The charts below show the downtrend channels in silver and the […]
Silver Still Trading Poorly
Silver continued to trade to the downside today and if it closes down for the week it will be four straight down weeks to start 2011. The selling appears to […]
Update on Silver
A few weeks ago it was noted that silver was losing momentum to the upside and looked vulnerable for a correction. Since then silver has continued to remain weak and […]
Put/Call Ratio Shows Another Sign of Complacency
The chart below shows the 20-day moving average of the Put/Call ratio. The Put/Call ratio shows the difference in trading volume between Puts and Calls. A ratio above one means […]
Three Down Weeks Since the End of August
Since bottoming at the end of August 2010, the stock market has traded in pretty much one direction: higher. This is especially true for the S&P 500, which amazingly has […]