Well, turns out I was very wrong about the general market direction today. I really wasn't expecting an advance today, much less such a strong advance. But I was very right about SLV. It closed at 44.03, down $1.80 today (though it recovered to 44.96 in the after hours). I will now be waiting for signs of a turnaround to get back in. Look at the chart again - yesterday was about as classic a textbook top as you're ever going to see.
Other than that, there's not much to say tonight. The technicals are now looking strong for tomorrow, but with a Fed announcement and Uncle Ben giving a speech there's way too much uncertainly for me to try and make a call. Tomorrow will be mainly news-driven, not technically. I'll mostly be watching and waiting. We'll see what happens.
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