I am keeping it short. My parents just arrived and my daughter and I are enjoying their company.
Anyway, let’s get to it.
Last week I made 19.8% on my SLV puts and I hope to have the same good fortune if my signals are triggered today.
SLV has once again hit a short-term extreme. All of my proprietary readings have hit a short-term extreme and the RSI (2) has confirmed as well. Now all I need to see is a higher open and I will most likely place a trade in the High-Probability, Mean-Reversion strategy.
Short-Term High-Probability, Mean-Reversion Indicator – as of close 4/20/11
(Click chart to enlarge)
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.