Rick's Picks » Silver Wheaton

Gold and S&Ps Are Synched but Sluggish

Rick Ackerman — Thu, 09 Feb 2012 02:28:18 +0000

April Gold and the E-Mini S&Ps appear to be roughly in synch Wednesday night, but neither is doing much. Check out today’s tout for Silver Wheaton if you’ve been waiting for a spot to enter or augment a long-term position.

Rick's Picks is a trading newsletter for stock, gold, silver and mini-indexes. All trades are based on the proprietary Hidden Pivot technical analysis method.
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$SLW – Silver Wheaton (Last:35.93)

Rick Ackerman — Thu, 09 Feb 2012 02:24:26 +0000

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SLW – Silver Wheaton (Last:35.98)

Rick Ackerman — Mon, 06 Feb 2012 04:34:25 +0000

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SLW – Silver Wheaton (Last:36.66)

Rick Ackerman — Fri, 03 Feb 2012 04:18:01 +0000

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SLW – Silver Wheaton (Last:31.26)

Rick Ackerman — Thu, 19 Jan 2012 06:15:09 +0000

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A New Look at Silver Wheaton

Rick Ackerman — Thu, 19 Jan 2012 01:09:43 +0000

It’s been a while since I looked at Silver Wheaton, which has been tracing out a bearish pattern for too long to give bears much comfort. Check out my key numbers for the stock if you hold SLW shares, since they are likely to be helpful in gauging the seriousness of any dramatic rally or decline.

SLW – Silver Wheaton (Last:30.20)

Rick Ackerman — Tue, 10 Jan 2012 03:27:20 +0000

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SLW – Silver Wheaton (Last:35.36)

Rick Ackerman — Wed, 16 Nov 2011 02:47:41 +0000

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SLW – Silver Wheaton (Last:35.05)

Rick Ackerman — Thu, 10 Nov 2011 22:01:44 +0000

The good news is that Silver Wheaton appears to have a 15% rally ahead that will be well nigh unstoppable. Push and pull will combine to lift the stock, respectively, via a Hidden Pivot rally target at 40.70, but also via the magnetic attraction of a trendline that has figured prominently in the SLW’s ups and downs for more than a year. A two-day close above the trendline should suffice to set it on its way toward new all-time highs, but until that happens we should not take for granted that bulls still rule. The 36.49 midpoint resistance of the pattern shown has already been exceeded by a whopping 89 cents, lending weight, if not quite certitude, to the 40.70 target that sits, as of today, just above the trendline.

SLW – Silver Wheaton (Last:34.940)

Rick Ackerman — Thu, 03 Nov 2011 06:24:59 +0000

Use the 36.760 target of the pattern shown as a minimum upside objective for the near term. You might note as well that a larger pattern, also show, is the first we’ve seen in a while with the potential to push the stock above 40. The actual target, a Hidden Pivot, lies at 40.700, and it would be no worse than an even-odds bet if and when the futures have closed for two consecutive days above its ‘p’ midpoint, at 36.485.