Anytime you analyze any trade you must figure out how much reward there is versus how much risk you are taking. Reward has to be the obvious winner by a mile. When looking at the PowerShares QQQ Trust, Series 1 (ETF)(NASDAQ:QQQ) chart, and deciding whether or not to go buy or short, look for support and resistance lines.
On the QQQ chart, there is very limited upside until you fill the gap from the Brexit catastrophe. In reality, there is only about $0.50 of upside left until…
ContinueAdded by Jenny Rebekka on July 2, 2016 at 4:02am — No Comments
Silver is having another amazing day, soaring almost 5%. The iShares Silver Trust (ETF) (NYSEARCA:SLV) is trading at $18.44, +0.57 (+3.22%). Silver is a short as of today for a near term pull back. This can be maximized using puts, leveraged ETF's or just short the SLV itself. The reasoning is simple. Look at the chart below. The up-sloping trend line is a thing of beauty. Most investors buy/sell or short for no good reason other than a 'feeling'. I strictly look for chart signals.…
ContinueAdded by Verified Investing on July 1, 2016 at 1:56pm — No Comments
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