BlackBerry (BBRY)

Doesn't this chart remind you a little of physical silver? When I was going through charts this weekend this one caught my eye because it look eerily similar to silver before silver's harsh breakdown into the low 20s. I was stalking a short all last week but unfortunately I couldn't get myself to pull the trigger. I looked towards options but the expensive premiums turned me off. On Thursday, shares closed below key support at $14.71 and in the process broke below both the 21-day and 50-day moving averages. Friday shares popped early in the session before finding resistance at the 50-day. Going forward, it looks like further downside is ahead. As my first target, I'm looking for a gap fill to $14.15 and then an eventual move to support around $13.

Las Vegas Sands (LVS)

As predicted last weekend, Las Vegas Sands continued to the upside early in the week before stalling out just under $60 per share. Shares hit resistance at the upper bollinger band as the RSI signalled we were now in overbought territory. I actually sold my position mid week around $58.30 as it looked like shares were going to pullback further. I then took another long position about a dime higher at $58.40 before the was over. Going forward, I believe we could be on the verge of a cup and handle breakout above the key $60 price level. I remain bullish on the long term prospects of the company.

Lululemon Athletica (LULU)

Shares have consolidated since hitting the upper bollinger bands early last week. LULU is starting to look tired at these levels with the RSI touching overbought levels. Watch $81.75 for near term resistance as shares topped out at this level previously last week. Should LULU trade over this area I would a expect a couple days of continuation to the upside. I may try a short position early in the week but will keep a close stop loss. I still remain weary of this company's long term growth potential especially in Asia. Is LULU just a fad?

Disclosure: I am long [[LVS]].

Las Vegas Sands finished strong on Friday closing at its highs for the day while breaking above $57.88. I am looking for a continuation to this breakout on Monday up to the top of the bollinger bands. I may be adding to my long position on an early pullback if we see broader market weakness.

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Nokia (NOK)

Nokia finished the week at its highs while closing above resistance. Shares closed above resistance seen at $3.60 and trend line resistance around $3.35. I am looking for a continuation candle on the weekly chart. I am looking to possibly take a long position early on Monday for a move to $4 per share.

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Disclosure: I am long [[LVS]].

Additional disclosure: I have no positions in NOK, but may initiate a long position in NOK over the next 72 hours.

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Disclosure: I am long [[LVS]].

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Disclosure: I am long [[ONCY]].

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Since moving below the major support of trend line (2), SLV has found support and I believe we will see yet another move back up to trend line (1). Should we see this move back up, I am looking to enter a short position around the 200 day moving average ($29.69). I will be using a close slop loss just above trend line (1) currently around $30.50. I am using such a close stop loss because a strong close above trend line (1) sets the SLV up for much higher prices very fast. I am setting my price target around $26.69 which is near the lows set back in 2012. Also, be aware that the Relative Strength Index (RSI) has bottomed at 25 twice in the last 6 months. A move back down may slow if the RSI approaches this area again. Of course both the limit and stop loss orders will need to be adjusted to reflect time passing. The current risk reward ratio is favorable at 1:3.70.

For the long term, I remain bullish on silver for a variety of reasons but mainly due to my fears that fiat money will inevitably become worthless. A longer term investor should consider precious metals to better diversify their portfolio and use these pullbacks to slowly build positions overtime.

I cannot move the market nor am I trying to manipulate the price of silver in any way.

Disclosure: I am long [[SLV]]. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I may initiate a short position in SLV over the next 72 hours. I am long SLV through longer term call options as well as physical silver.

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Disclosure: I am long [[SLV]].