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
- A Typical Pattern Shows We’re Headed for Recession | Financial Sense
- Something "Unexpected" Happened When Seattle Raised The Minimum Wage | ZeroHedge
- WikiLeaks' Assange Warns Clinton Campaign: More "Unexpected", Game-Changing Emails Loom | ZeroHedge
- Crude Slammed After Inventory Builds Across Entire Oil/Product Complex | ZeroHedge
- FBI Admits Clinton Used Software Designed To "Prevent Recovery" And "Hide Traces Of" Deleted Emails | ZeroHedge
- Another Cog In The Exploding Resentment Wheel | ZeroHedge
- SoRoS... | ZeroHedge
The most relevant financial news and articles from the Internets
- The former boss of one of Donald Trump’s foreign policy advisers... | Business Insider
- Uber has handed a hot finance Wall Street startup a huge... | Business Insider
- I still use flash drives to back up my data because they’re impossibly... | Business Insider
- 17 subtle signs your job is destroying your marriage | Business Insider
- 10 things you need to know before the opening bell (spy, spx, qqq, dia, aapl, ko, pep) | Business Insider
- Something incredible is happening inside of your nose when it runs | Business Insider
- The CEO of the company that makes EpiPens said healthcare is facing a... | Business Insider