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
- Nexit Looms - Dutch Parliament To Debate Leaving The Eurozone | ZeroHedge
- Which Country Punishes Productive People The Most? | ZeroHedge
- White House Denies Axios' Report Which Denied Reuters Report About Trump's Border Tax | ZeroHedge
- "Welcome To The Next Awakening" - Author Of Steve Bannon's Worldview Explains The Path Ahead | ZeroHedge
- ” Climate Change ” / Everyone is on One Side of the Boat | ZeroHedge
- Size Matters: Visualizing The Tallest Building In Each State | ZeroHedge
- NY Times: "Every Time Trump Tweets It Drives Our Subscriptions Wildly" | ZeroHedge
The most relevant financial news and articles from the Internets
- Elon Musk: Complaints of horrid working conditions at... | Business Insider
- Ten Things Only Bad Managers Say | BusinessWeek
- Sean Spicer compared marijuana to opioids but the science doesn't support... | Business Insider
- Father of Navy SEAL killed in Yemen raid to Trump administration: 'Don't... | Business Insider
- The best Apple ad from each year since its 1984 Super Bowl hit (... | Business Insider
- A Colorado county is sending students to college on the $445,000 it made from... | Business Insider
- The longest-serving US diplomat implicitly rebuked... | Business Insider