Market Curiosity: Exploring Markets And Systems

February 13, 2014

SLW move so far looks strong.

Filed under: Just Watching — Tags: , — Jeff Fitzmyers @ 5:44 pm

Today even when silver and SPY were dipping, SLW was rising. Pretty good show of relative strength.

The HUI : SPY weekly ratio has tentatively broken out.

HUI SPY feb 13 2014

The SLW : silver ratio is also looking like SLW price can easily go higher: SLW is leading silver by a lot. The orange arrows show that the ratio has already broken out to the upside. Typically a sign of strength.

SLW silver daily feb 13 2014

Update: And just the fact that price had an outside up day and did not really test the January high and 170 EMA — that also shows strength.

SLW daily feb 13 2014

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