SLV updated

I've updated my "SLV: Silver bears" from last November with a fresh chart and analysis. I intend to open a bear position if momentum continues in the half hour before the closing bell today. If momentum falters, then I'll return SLV to the roll shelf, but with heightened scrutiny.

Also see today's "Friday's Prospects: Round 2".

References

My trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.