Fibonacci

Silver Enters Bear Market As Hedgies Flee

After tagging $19 the night of Trump's victory, Silver prices have tumbled 15% (the biggest drop since Summer 2013's taper tantrum). However, as large speculators dumped their longs en masse, this week also marked another milestone as Silver drops 24% from its post-Brexit peak (above $21) and entered a bear market once again.

Welcome To The "Melt-Up"

As Wile E. Coyote always discovers as he careens off the edge of the cliff, “gravity is a bitch.”

Is Silver Set To Surge Off Significant Support?

The big story in financial markets this week was the breakout to 13-year highs by the U.S. Dollar, and if there has been any asset class most effected by the movement of the Dollar, it is probably precious metals. While all eyes remain on gold and the psychologically important $1200 levels, it is silver prices that are testing a confluence of potential support levels.

Are Rising Rates Reaching Resistance?

It hasn’t exactly been a blistering pace, but yields have trended upward for the past 4 months. Presently, the TYX is nearing a convergence of 2 trendlines around the 2.65% level that may slow down the rise, at least temporarily.

Bullish Or Bearish: The Illusion Of Permanent Liquidity

Could the markets rocket up to 2200, 2300 or 2400 as some analysts currently expect? It is quite possible given the ongoing interventions by global Central Banks. The reality, of course, is that while the markets could reward you with 250 points of upside, there is a risk of 600 points of downside just to retest the previous breakout of 2007 highs. Those are odds that Las Vegas would just love to give you.

How To Avoid Being A Retail Bag Holder

One chart shows exactly why weekly price performance matters. This is what happened to anyone who only bought after the market was up for the week.

What's Next For The S&P: "All Eyes On 1,950" The Charts Say

With global equity and especially FX markets underoing historic moves in the last two days, every trader's playbook has been tossed aside as setups and trendlines everywhere have been broken. So for everyone trading on nothing but momentum - which these days is most, and certainly all algos  -  here are some observations from BofA's chief technicial Stephen Suttmeier who says that with the S&P failing to breach 2,100 again, and having broken 2025, "all eyes are now on 1950."