Cup and Handle formation in Silver (SLV)
With Bernanke on the job for at least another 4 more years, QE to infinity is intact - which means inflation hedges like Silver will be money in the bank for investors.
A cup and handles pattern such as the one seen in the SLV right now is a very bullish signal. Cups with Handles are similar in appearance to Rounded Bottoms. Like rounded bottoms, the pattern includes an elongated U-shape. However, the pattern also includes a short period of consolidation of 1-2 weeks in duration, which tends to be down-trending. The pattern is similar in appearance to a coffee cup with a right-side handle, and indicates the potential for an uptrend.
Be sure to use stop-loss orders to limit losses here Masters. Who knows how stocks will trade in the next week during this post-election hangover. Let the dust settle and use your best judgement.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- The People Have Spoken; Exodus Wins Again | iBankCoin.com
- Another Look at the Year Five Phenomenon | Financial Sense
- EURUSD Plunge Continues: "It's Not All About Greece... Not Even Close" | ZeroHedge
- Bonds - Managing Duration and Interest Rate Risk | Financial Sense
- Crude Prices Bounce On Inventory Draw Despite Biggest Production Spike In 19 Months | ZeroHedge
- Dr. Lacy Hunt on US Endgame and Greatest Risk to Financial Markets | Financial Sense
- This Is How Much Of Your Life The US Has Spent At War | ZeroHedge
The most relevant financial news and articles from the Internets
- European soccer head asked Sepp Blatter to resign, but he said no | Business Insider
- Mary Meeker just sounded a huge wake-up call about computer security | Business Insider
- Live from Google's biggest event of the year | Business Insider
- 9 things traders are watching right now (DIA, SPY, SPX, QQQ, IWM) | Business Insider
- Inside New York City's treatment center that freezes people at -200 degrees for... | Business Insider
- How Burger King turned business around to dominate fast food | Business Insider
- Apple co-founder Steve Wozniak thinks Edward... | Business Insider