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
- Top Financial Experts Say World War 3 Is Coming … Unless We Stop It | ZeroHedge
- Useful Idiots and the Something for Nothing Society - Part 2 of 4 | ZeroHedge
- Stocks Slide, Erase All GDP Gains | ZeroHedge
- An Insufferable Beer Crisis Hits California | ZeroHedge
- Fed Tapers Another $10 Billion, Raises Inflation Concerns, Plosser Dissents - Statement Redline | ZeroHedge
- Ebola Comes To America | ZeroHedge
- M.A.D. Sanctions; Two Games at Once | Financial Sense
The most relevant financial news and articles from the Internets
- Three Big Economic Events Are Coming Up (DIA, SPY, SPX, QQQ) | Business Insider
- Alaska Air Counters Delta Assault With Secret Weapon: Unified Employees | TheStreet.com
- US COMPANIES ADD FEWER JOBS THAN EXPECTED (DIA, SPY, SPX, QQQ) | Business Insider
- Here's Why The Volume And Average Value Of US Mortgages Are Diverging | Business Insider
- Jim Cramer's Mad Dash: Painful Day for Micron, 3D Systems | TheStreet.com
- This Is What The Earth Looked Like When It Was Only Half A Billion Years Old | Business Insider
- Traders Are Blaming Thursday's Big Sell-Off On 1 Stat | Business Insider