There was plenty of FOMO chasing silver during yesterday’s outsized 2.5× ADR% move, but the most optimal, highest RRR entry across silver $Silver - main 2603(SImain)$$iShares Silver Trust(SLV)$$ProShares Ultra Silver(AGQ)$ was on 6 November. This is a 45R T+50 day outcome achieved through 1R risk with optimal entry day and price area — not a 2.5R T+0 day chase from yesterday’s move. The most lucrative opportunities will always surface quietly in the market and are rarely talked about until after they’ve already played out. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, a
$BBVA Banco Frances SA(BBAR)$$Grupo Financiero Galicia SA(GGAL)$$Grupo Supervielle SA(SUPV)$ — Strongest intraday-moving group $Global X MSCI Argentina ETF(ARGT)$ Following another session of consolidation with clear VARS despite the broader market sell-off, Argentine banks broke out of their tight, spring-coil consolidation and closed at the highs of the day. I also share my ideas with my subscribers on a daily basis using a structured, top-down process that narrows the market into focused setups and a refined watchlist. It’s a condensed view of my daily 3-hour workflow, distilled into a short, practical reference. Yo
$American Eagle Outfitters(AEO)$ Haven't commented on any single stock for a while now. AEO is looking "interesting". (Hat tip @RealSimpleAriel for spotting the idea)Remember:- Apparel is hot. They are one of the leading sectors at the moment. Maybe it's a Christmas thing. Retail reported generally very upbeat stats recently.- The entire group is in a strong UP TREND- AEO is one of the leaders in that groupHowever:- Some of them, eg AEO are super extended now. $ANF too, maybe $VSCO . AEO is almost 12x its ATR from its 50SMA, whilst 10X is already very extended (another great tip from @jfsrev ). - Extended does NOT mean it must correct. Markets and stocks can stay overbought for a very long time. However, the risk reward for a short is looking very
Four-Day Selloff, But Relative Strength Tells a Different Story
Relative Strength Emerging Across Pockets of the Market During the Four-Day Selloff4 straight days of sustained weakness, wiping out 13 days of index gains since the post-market breadth exercise I shared below, posted ahead of the first red day where I clearly flagged the need for caution. This is a simple exercise anyone could apply, as it’s ultimately a function of short-term breadth extension—levels where the market has historically shown a strong tendency to retrace once breadth becomes this stretched.The latest session was largely news-driven imho, with mega-cap tech in $Technology Select Sector SPDR Fund(XLK)$ and $Vanguard Mega Cap Growth ETF(MGK)$ pressured after reports that funding for
I trimmed $COHERENT(COHR)$ twice.The first trim was at the target price of $168.12, based on an RR1:3.The second trim was at $200.00, based on ATR% from the 50SMA. Jeff’s ATR% from the 50SMA is essential.Even if the price falls below the 21EMA Low, this trade is already locked in as a winner. You need a trading system that consistently works in your favor.In trading, the priorities are clear:risk management first, market conditions second, and relative strength and chart structure third.And my risk is defined by the 21EMA Low. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.