Get started

SLV

Is silver about to turn bullish?Good afternoon traders, Been quite some time, my workload is year round, however it's quite seasonal. I'm finally coming off and find myself with some time to do some charting. Silver is one of my long term holds, it's at historical imbalances with gold, and once again, expected to out perform gold in 2019, take that with a grain of salt because as we all know, metals aren't the cool investment on the block these past years. Let's dive in. Bullish Key Points: 1) Silver is currently sitting underneath the 21 Weekly EMA, the first test will be to clear this hurdle and start trading between the 21 and 50 EMA. 2) The 21 and 50 EMA have crossed on the daily chart, last time this has happened was June 8th and silver rallied almost 6%. 3) If silver can break the 21 weekly EMA, then it has another immediate test @ 14.00. Beyond this, we have the local downtrend channel dating back to August 2016 @ 14.50. 4) Silver currently has the most upside of all the metals, and with the current market economy, could potentially realize significant gains in the next couple of months. Bearish Key Points: 1) Let's be honest, this is a highly manipulated market. If the powers that be deem it's not going anywhere, well it just won't. 2) Weekly EMA test. Silver has not traded above the 21 EMA since June, if it can't find steam in the current market conditions, I'm not sure what else it will take to get it moving. 3) It has major tests ahead. In addition to the weekly EMA we also have two major tests within 6% of the current price. Positions: 1) I currently hold spot silver ETF, as well as multiple future long calls. As always, if you appreciate my content please hit the "Like" button, and consider following. Thanks for reading!
AMEX:SLV
by ant187
7
Long Term Outlook on Silver - MonthlyIn the Macro perspective Silver doesn't look too good right now. There are more bearish signs than bullish. All of them are listed on the chart, but the biggest red flag would have to be the Monthly death cross (50 MA crossing - 200 MA) and resistance forming on the 200 Exponential Moving average . I'm not going short or long at the moment just waiting for a good time to buy at one of the Green support levels. I believe silver will be increasingly more valuable in the future, especially its use cases in electronics, jewelry and photography. geology.com
TVC:SILVER
by Malfury
3
DBC - More Odd Charts - Commodity Drop Underway?Crude oil has been getting absolutely walloped for weeks now, having lost over a third of its value recently. Looking at the chart of USOIL I recently posted, it seems to me we are definitely primed for a bounce. The bounce will ultimately fail, but we’re really, really oversold at this point. One thing I noticed is that the commodity ETF, symbol DBC, has actually cracked the channel which has been in place for years. Like I said above, I think oil will bounce, but I wouldn’t be surprised to see DBC hit resistance in the form of that now-broken channel. DBC is the basket of commodities
AMEX:DBCShort
by RHTrading
Industrial Production Leading Silver LowerThe industrial proxy peaked in early 2018 along with silver prices. It has ebbed and flowed, but the trend is obvious. Much of this has to due with China's economy rapidly slowing down. Even the state-run manufacturing PMI is about to dip below 50 into contraction while data from SpaceKnow suggests China's manufacturing sector is already below that 50 threshold. U.S. industrial production peaked last October. The 20-day correlation between silver and the industrial proxy is .56; the 20-week is .77. The intermediate TACVOL range for silver is 17.41/13.30 and currently trading at $14.02. The score is -1.33 indicating in bearishness but not poised for a major inflection point. There is a slight caveat: silver's volatility has slammed traders since mid-October. The VXSLV (SLV volatility) is currently 22.30 with a TACVOL range of 22.11/16.00.
TVC:SILVER
by TheMacroStrategist
1
THE WEEK AHEAD: NVDA, AMAT EARNINGS; MJ, USO, SLV, EEMAs of Friday close, NVDA and AMAT appear to have the volatility metrics I'm looking for in earnings-related volatility contraction play (>70 rank/>50 implied). NVDA (70/67) announces on Thursday after market close. The iron condor pictured here pays 1.73 credit with break evens wide of the expected move. AMAT (68/48) announces on Thursday after market close, with the Dec 21st 31/37 short strangle paying 1.64 (50% take profit of .82) and the 34 short straddle paying 3.89 (25% take profit of .97). On the exchange-traded front: USO (100/35), SLV (99/22), EEM (85/26), XOP (76/38), and OIH (75/36) round out the top symbols by rank, with USO, XOP, and OIH being no surprise given the beating oil has take over the past several weeks. Although I am mostly selling premium in XOP here, I could see also taking a bullish directional shot in OIH, which has broken through long-term horizontal support; XOP and XLE have yet to close in on the bottom of their long-term ranges. Alternatively, I could see doing a similar, bullish assumption play in one of the higher volatility petro underlyings that have earnings in the rear view mirror: OXY (75/30), COP (74/33), or BP (70/36), for example. ASHR (74/33) is worth a passing mention here, but if I'm going to play China, it's going to be via the more liquid FXI (65/28). MJ (--/64)* is also worth an honorable mention, with the more recognizable cannabis underlyings -- CRON, CGC, and TLRY -- all announcing earnings this week. The currently unfortunate thing about MJ is that it's not getting decent volume yet, so options liquidity isn't the best for those who'd rather not be on the single name roller coaster. As far as the majors are concerned, some volatility came out of the broad market post-mid-term elections: SPY 30-day's now at 15.3%; QQQ at 24.6%; and IWM at 22.8%, so if I'm going to add broad market short premium here, it's going to be in the Q's and/or RUT/IWM. Lastly: UNG. Last week marked a kind of WTF, weather forecast-related spike in natty, with UNG printing a new 52-week high. I was previously looking at 27.5 as an area of interest for short with 31-ish being the next stop, but thought November was too early in the natural gas seasonality cycle to be putting on a short play (usually, a downward put diagonal (See Post Below)* with the back month in April or later). Now that it's whipped through 31 in three seconds flat, I'm going to be patient here and see if it grinds higher throughout December, even though forecasts are generally calling for a "meh" winter temperature-wise. * -- It doesn't currently have a 52-week rank, since it hasn't been around that long. ** -- Naturally, that setup's no longer good. I'll post a revised setup here shortly.
NASDAQ:NVDA
by NaughtyPines
3
Mid-Term elections and forecast based on game theory - A divide Game theory has the elections outcome pegged, and based on that, this is the market prediction. I have upgraded this AI to include the new chaos theory. Very interesting results and are playing out exactly. Such as "a divide within" Here's a taste: The democratic party division of the party itself. When and where? For more, you can contact me. Now custom game theory runs are available for corporate events, other parties, etc....
CME_MINI:ES1!
by Marek99
3