maxvan1

maxvan1

Decided I shouldn't trade short term options without first charting the thought process. Let me know what you think, critiques welcomed.

maxvan1

I called the breakout from a flag last night. I'm thinking it will hook up one small level, then consolidate mostly sideways for a few days. Converting AMEX:SLV naked calls to debit spreads.

maxvan1

Silver is eyeing a breakout. There's a rough correlation between silver and the price of labor. I posted a different chart with this observation charted over many years. The price of labor recently increased significantly. The price of silver will likely follow. Long on $SLV. Short on $SPY.

maxvan1

SPY appears to have broken out of a falling knife, but weekly MACD doesn't look good (not shown) and it's somewhat difficult to imagine buyers revving up another pump. I'm calling it a fake out.

maxvan1

There's a loose correlation between hourly wages and the price of silver. Check it out.