The chart above on silver broke a 2 month down trend line line back on May 12 on suspiciously light volume. As much as I wanted to jump in the lack of volume held me back. That break came back to test the trend line. We then took out the break out high water mark of $171.61 on May 20 on better volume. Again something held me back. We are now pulling back and testing that break out.
Our patience is getting rewarding today with this pullback for an entry point.
I am getting long 1 unit of silver ticker SLV at $ 172.90 with a stop at $167.64
I am adjusting my stop on Frontier to $27.82
Good speculating to you all.
Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 1 unit Allis-Chalmers ticker ALY @ $14.45 stop at $16.64
Long 3 units Ultrashort Dow DXD@ $50.12 stops 2/1 at DIA $132.68/130.26
Long 2 units Ultrashort Financials ticker SKF @ $103.90 stop at XLF $26.72
Long 1 unit Currencyshares Swiss Franc ticker FXF @ $96.25 stop at $93.82
Long 3 units Frontier Oil ticker FTO @ $28.35 stop at $27.82
Long 1 unit Ultrashort Real Estate ticker SRS @ $88.10 stop at IYR $71.08
Long 1 unit Ishares Silver Trust ticker SLV @ $173.0 stop at $167.64
Short 1 units Daimler AG ticker DAI @ $86.20 stop at $82.48
Short 1 unit Brinker Int'al ticker EAT @ $21.25 stop at $24.14
Short 3 units Retail Holders ticker RTH @ $96.72 stop at $98.56
Short 2 units Goldman Sachs ticker GS @ $191.53 stops at $197.68/$193.58
Short 2 units Darden ticker DRI @ $36.35 stops at $40.27/$38.34
Short 3 units Lehman ticker LEH @ $43.70 stops 2/1 at $47.46/$45.48
Short 2 units Deutsche Bank ticker DB @ $117.03 stop at $120.18