http://www.youtube.com/watch?v=ZbcbWCR6E1M charts of interest looking at Renko charts as well as thumbnails using basic tools
Category: Markets
weekend market review, May 07, 2011
Market in Bull Normal; Market is neutral on a short term basis Equities sold off this week, but found support near the end of the week Commodities cracked this week with silver experiencing a 5 sigma selloff (2d largest 5 day loss in the last 5 years) Rebalancing project: Monthly rebalancing : next re-evaluation on/about […]
May 07, 2011: silver pauses in its downward slide
silver finds a temporary support level after a nearly 4 sigma selloff in 5 days. the slight recovery.holding of support allowed for a reasonable intraday trade to the longside, but Monday’s trade should be especially interesting. Failure below yesterday’s low will be an autotrade in ZSL, but a breakout above today’s High will be a […]
May 05, 2011The silver overnight trade
the silver short side trade has been a good one. but the easy money there (its never easy really) has been made I think. weakness across the board in the indices. this is the silver short side trade has been a good one. but the easy money there (its never easy really) has been made […]
May 04, 2011: after market call
lucrative short side silver trade in ZSL continued today i hope you guys can see the value of the “Hold ‘x’ days” report in the daily as a way of calibrating the kinds of moves that can get whipped up in this ocean of a market keep your powder dry pay attention to those boundaries […]
May 03, 2011 closing call on silver
Silver shortside trade (long ZSL from 14.50, 15, and 15.25 for the record) finished its 3d excellent day, as it tests the max %loss over 5 days in the last 10 years. The rebalancing of portfolios based on margin requiremnts looks to be the main driver here, but the fundamentals of silver as a hedge, […]
May 03, 2011: lunchtime call
the inverse silver trade in ZSL, with entries at 14.50, 15, and 15.25 from yesterday is very favorable as downside momentum is increasing. the maximum 5 and 10 day losses in silver over thel ast 10 years have been 19% and 27% respectively, so this -12% move in 3 days is by no means exceptional […]
May 03: premarket
Silver failed to fail further in the overnight trade, leading us to hypothesize that it has found a local support level, which will lead to another round of buying once fear of a bubble collapse has subsided. This will make it easier to see this as “silver on sale!” rather than the end of a […]
May 02, 2011 the short side of the silver trade
after SLV had made a “rangestat” move: the maximum normal expected intraday move from low of the day to high of the day (so far), it reached 46 and stalled. This set up a nice ttrade for us in the short side, using ZSL the 2x inverse silver ETF, which gave us a low risk […]
May 2, 2011: closing the silver trade this morning
our trading room bought the morning hook in silver this morning at 44.00, with an initial stop of .25, and cashed the trade at 46 just before lunch for an 8R win (netting 2.00 a share for .25/share risk). Those that added positions along the way earned even more. good low risk intraday trade