Based on my latest analysis of May Silver and SLV, the immediate outlook looks quite promising for both. Check out the chart I’ve included for the SLV May 41 put if you want to see an option that is headed for apparent oblivion.
From the monthly archives:
April 2011
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Friday’s low came within four ticks of a calculated low (see chart), so perhaps we should dogtail the Dow for a while as long as it’s being so cooperative. The blue chip average looked bound for at least 12356 at the close yesterday, although that Hidden Pivot’s dubious, sausage-y pedigree makes it unsuitable for shorting.
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The peak of yesterday’s wild swings hit 43.560, a nickel beneath our 43.610 target. It remains valid, as does another Hidden Pivot at 44.600 that would be in play as a minimum upside projection if the lower number is breached by more than three ticks. Alternatively, while a feint below 41.815 this morning wouldn’t negate the rally target, it would create a bearish impulse leg of hourly degree that should be treated by bulls as a yellow flag.
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Dying Mall Finds an Unexpected Savior
by Rick Ackerman on April 20, 2011 12:01 am GMT · 75 comments
Here’s an upbeat, dog-bites-man story concerning the neighboring town of Lafayette, Colorado, where a major piece of the retail economy has been on the skids for years. Wal-Mart and Albertson’s long ago vacated the city’s biggest mall, hollowing out two cavernous buildings and all but snuffing what little business had remained for the small shops and restaurants that once lined the plaza. Although the city was hoping to redevelop the site with a mix of offices, residential and retail, when recession hit full-bore a couple of years ago commercial interest dried up. Let’s skip ahead to the present: The site has just received a $22 million refurbishment; its huge, weed-sprouted parking lot has been repaved and a new, 4-acre lot added; the big-box stores have been joined under one roof, creating a 130,000-square-foot room; and, the facility has been drawing 10,000 visitors a week, many of whom are spending money at neighborhood restaurants and stores, although not at the “main attraction” itself. » Read the full article