Stepped into short silver yesterday and this morning. ZSL average price 31.70 was down 2.2% today to 31.03. This past week it had two days down more than 9%. Silver is at 19.51 and it's old high in December was 19.49.
Stepped into long bonds today TLT at 93.05, now at 92.67.
Until stocks turn I can't count on silver and bonds to move my way. I1 is up again tomorrow before levelling off.
I am short stocks 2.5% SDS. I1 is on a longer-term sell signal which is why I have this position. The stop-loss process for longer-term trades requires a larger stop than I am used to placing. I have worked out a method, which is the 12-day simple M/A of DJI +1.3%. So today's 12-day is 10874 plus 1.3% = 11,014 DJI.
The longer-term I1 is not as reliable as the short-term, but this M/A does not require intra-day adjustment, so it is more amenable to fire-and-forget stop-loss orders.
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