JTH's Account

[JTH]

My stop on SLV was 12.60 and the low for the day was 12.61

[etftalk]

You obviously knew that 12.61 would hold.

[JTH]

Opps

Bought SLV @ 12.84 (not 12.83)

Also, Bought SSO at 18.64

Stopped out of SLV @ 12.59

I knew it could happen, and I could have lowered the stop, but I haven't been impressed with SLX's action after the pullback from the recent uptrend.

Best of luck.

[JTH]

Big Gap ups today in stocks lead to my big gap down in SLV. This was something I've noticed in the past. When the market takes off like a rocket, SLV takes a nose dive.

This is all alright, this market needs a break and I need a better entry point in metals.

[JTH]

It was incredibly difficult not to sell for profit today. If the SLV hadn't had not gotten stopped out for a loss, I may have taken some profits off the table.

Had no stop/limits in the morning, changed them to stops after the open, then limits later on.

SSO's limit was 16.40, today's high was 16.38 (2 lousy cents)

ERX's limit was 21.99, today's high was 21.57

The fun part is re-evaluating the game plan tonight.

[JTH]

Humm, I'm debating on where to put stops or limits on SSO & ERX

I've been doing some research on ERX & FAS

ERX tracks over 80 Stocks, Russel 1000 Energy, and some AIM Treasury thingy I can't find.

FAS tracks over 180 stocks, Russel 1000 Finance, and the same AIM thingy I can't seem to find anywhere.

[JTH]

Big Gap ups today in stocks lead to my big gap down in SLV. This was something I've noticed in the past. When the market takes off like a rocket, SLV takes a nose dive.

SLV just spiked and the market's falling, what gives?

[etftalk]

maybe reality kicked in?

[Show-me]

SLV just spiked and the market's falling, what gives?

My two cents is everyone rotated out of metal and into equities slash financials to catch the momentum. Now like Tom said reality sets in. SLV is on the 50dma and dollar is looking toppy, both positive for precious metals.

[JTH]

Perhaps that 12.60 Stop I had on SLV was a bit too tight...

Regardless, I've got tight stops on ERX & SSO just below the current levels. If the market holds, I'll hold.