Below you will find pages that utilize the taxonomy term “SLV”
$SLV seems to have tricked us after bouncing and closing above the 50 WMA last week. That's good news and it appears SLV will be gaining steam this week as it rides up trend channel. If $SLV closes above the 50 WMA this week, then I'd see we're in the clear until we're not.
$SLV is acting strangely again. A warning flag came up in my model that the trend might be breaking down in this ETF BUT it sure looked that way back in July 2009 as well. Then it broke below the channel but stopped at the 50 week moving average. This time it poked and closed below the 50 week moving average.
Is $SLV tricking us again? What do you think? If you leave a comment, I'll reveal my answer.