We got the ceremonial Monday rally.
Now it is just a matter of whether the stock market craps all over itself the rest of the week. I took Silver (SLV) off the watch-list and I’ll probably get a bunch of “you’re an idiot” emails because some of you out there don’t realize what risk and reward are. You don’t buy silver at these levels.
“Oh, but Ryan, it is going to $1,000/ounce by Friday!”
Seriously, have you not learned your lesson yet? Quit buying the hype. Three weeks ago, hardly anyone was talking about it. Instead they were focused on Tesla (TSLA) hitting $5,000 before August. Now everyone is an inflation expert and certain that hyperinflation is a matter of hours away.
Just stop it!
Learn to preserve capital first, and profit second. Not the other way around.
My watch-lists are below and will be closely watching them throughout the week. If you want the updated list as the week progresses, well, you’re going to want to be in the SharePlanner Trading Black for that.
Here’s my watch-list of long setups I am following:
Here’s my watch-list of short setups I am following: