Monthly Archives: April 2016

Typical Early Week Action

“The successful warrior is the average man, with laser-like focus.” –Bruce Lee We kicked the week off on a bit of a weak note but then support levels held well and we began to bounce back. We’ve got nice gains in all our positions so my stops are a bit loose since I’m trying to…

EC Overbought,

“Overbought!” “Oversold!” There’s not a day that goes by without a pundit using one of these powerful words to support an existing bias. Most interesting, some pundits use the term “overbought” to further a bullish outlook while others use it to justify a bearish outlook. The same is true with the term “oversold.” Unfortunately, there’s…

Silver Finally Escapes Its Narrow Range

The price of silver (FXCM: XAG/USD) may have ended the stalemate seen over the last few days as prices slid by 66 cents on the back of both Friday’s labor market report and the ISM Manufacturing Index result. Prices are now trading below the $15.08 support level which was keeping silver within a narrow range. The…

Bullish List Of Setups To Start The Week

Yup, the sellers are showing early control of the market to start this week, but let’s be honest with ourselves, have they really showed any conviction to the downside? Any momentum worth mentioning? No.  In fact, I wouldn’t be surprised if the bulls try to stage another rally in the last hour just to get…