iShares Silver Trust (NYSE:SLV) : Took profit. Expect consolidation


Decide to close off my SLV position. It has rise up a lot in a fairly short timeframe and I think it is best to take some money off the table.

At this moment, there is nothing on the Ichimoku chart that is suggesting that the trend will change.

The leading kumo seems to be tapering off and suggest consolidation.


iShares Barclays 20+ Yr Treas.Bond (TLT) : Fail to hold on to kumo support


TLT fails to hold on to its bullish run and break down from the kumo support.

A bearish cross was sighted on the Ichimoku chart and today the price open below the kumo support of around 90.6

On the Ichimoku Daily chart, we can see a support at around $89.6


And on the Ichimoku Weekly chart, support is around $88


US govt. is in negotiation talks on the government budget. This will have an impact on the overall market.


iShares Silver Trust (NYSE:SLV) : Bullish momentum contiues


Silver (SLV), is making new high with a very strong bullish momentum since it bounce off the kumo support in end Jan and clearing the resistance of $30 in end Feb.

We can see that both Tenkan sen and Kijun sen are pointing upwards steeply with the confirmation from the leading kumo as well.