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SLV

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
Gold - It's make or break and it looks like breakFrom the bullish price action I discussed yesterday, price pushed significantly higher very quickly. Price pushed into the key resistance zone of 1205-1215 last night and this morning broke above, reaching as high as 1218. This 1205-1215 zone was a critical zone to hold as it is a major road block to gold putting in a real bottom. Unfortunately for the bulls, price was slammed back down and formed a very bearish evening star pattern. Due to this weakness and golds inability to hold above this zone I think we could see price tumble back lower to trend line support(1200), first key support(1190), and/or second key support(1166).
COMEX:GC1!Short
by krugman87
2
SLV - Long Term Buy and HoldI have purchased a large tranche of SLV to begin building up a long term position in the very beaten-up precious metals sector. I am not convinced the bottom is in quite yet but we are likely close. I have begun seeing articles about how gold/silver investing is dead and some articles go as far as saying the price of PMs will never recover. Price extremes, extreme statements in news articles, extreme positioning, and capitulation by the perma-bulls often mark the beginning of a bottom. Why I have chose silver is due to the Gold/Silver ratio now being towards the top of a century long extreme. Let me re-iterate that PM's could continue to bottom for the next few months and correct even deeper but as a long term buy-and-hold strategy, any future price drops will offer opportunities to average down. My time horizon for this trade could be 5-10 years or longer. Once price does rebound and begins rallying, owning the stock outright will give me an opportunity to sell covered calls against it and begin generating consistent returns and lower my cost basis even further.
AMEX:SLVLong
by krugman87
1
GLD - Gold Tries To Get Up From the Mat - RSI Bullish DivergenceGold has been getting hammered in recent weeks. But now could be the time for GLD to get off the mat. The big glaring point is a three pointed bullish RSI divergence on the daily chart. Other indicators are also oversold, and have the whole road available to travel. Also, previous behavior in GLD is that it often forms these V-bottom patterns when it reverses...and often times 50% (or much more) of the move retraces in the subsequent days-weeks. As such, I'm taking GLD here. Currently at $144.33... $121 is my first target, and I believe it would get there before the end of September. Travis JMJ - IUOGD
AMEX:GLDLong
by Procinctu
6
SILVER IN CRASH MODE - USDOLLAR to 1021. Wave (X) is a complex correction, in that wave "X" is a triangle. 2. For me wave a) has finished and we are in the b) wave 3. I am expecting the wave "C" has to fall below the spike happen @ 14.390 to finish the wave (X)(red color) 4. Lot of possibilities wave formation and it may go messy too... but for me this may happen here...dont bias on this..my stop is in 15.600 below for the previous buy given @ 16.050-15.900. 5. I am looking my long position to closed once it reached and cross above the 16.200 zone.
TVC:SILVERShort
by hilofibo
SLV Shares Silver Trust, Down before up? Lets see!Keeping it simple! If you have checked my other charts please do, as they are mostly all playing out so far. SLV is not the best stock for silver, as AG is a much better "silver investment" , but Ill go through this one real fast. Looking for a fail in the wedge, because we never get what we want, (silver boom). Pull back to targeted areas. I've also labeled a short term bounce to watch for, to top of wedge. We have sell signals on the daily, with no currant buy signals. (Could result in no small bounce, straight to my target area. We have our bolly band getting tight, and wedge coming to the end. There is also no momentum change in selloffs just yet. The wedge rolls into new years, which would be a perfect storm for it to make a huge dip to lower supports before rising into the new years. (prepping for a bigger crash then) There is also the Ichimoku turning bearish. These are all on the very important daily. Another huge note is the WEEKLY squeeze, Im assuming it will fire short, to complete my graph. Ill be selling my SLV on the next bounce, and will stay out, to relocate into a better silver investment such as AG or just buying silver raw, as over time this stock has proven to be failed compared to many other commodities. Be sure to check out my other graphs, and FOLLOW with a LIKE! :) as if you did you would have saved a nice % in doing so. Not legal advice of course! Happy trading, debating and speculating! I want everyone to win!
AMEX:SLVShort
by ToddGreen