http://stockcharts.com/charts/gallery.html?sil

It stopped right at the 50 MA.  It doesn't always work, but like to try and find stocks every once in awhile that have fallen all the way down to the EMA(60) of the volume, hopefully on both the daily and weekly charts, thinking that means that the sellers have all sold and the buyers may step in.  Matt, I just signed up with Stockcharts, is there any way to screen for this, a stock at the EMA(60) of the volume, either on the daily or weekly charts?  I usually just look for ones in a hammer or 52 week low on their free stockscans page, even before I started paying for the service.  I'm sure it helped a LOT to push SIL up the last few days also all the short interest, and silver rising with gold and other commodities.

Try to be a contrarian investor to go the opposite way in what seems to be too big and rapid moves, and got DUG and DZZ on the big upswing in both oil and gold yesterday, and shorted ABX near the highs yesterday.    Also got a little silver stock SIL a few days ago, and it's having a BIG day today.

bulliondesk.com gives up to date prices of gold, silver, platinum, and a few other metals.

Wonder if we're allowed to short DIG?  Thanks for the great chart.  That must be why DUG is rising a little.  Still think there may be a bit more in oil and DIG, maybe not today.

GE has a huge financial portion of their overall company, so I guess they think the financial no short rules should apply to them, but that is stretching it, it's only one part of what they do, not the main thing.

DUG looks like it's coming back, possibly the temporary top is in in the oil run, or at least in the stocks contained in it's counterpart, DIG.

You bought the Sept. options?  Great job!  Rimm has seemed to trade up and down in a $90-100 dollar range twice this week.  I've been lucky enough to catch the $9-12 swings in Western Refining (WNR) for options the last couple weeks, but I usually don't buy them too short term, at least a month+ out.

The 1130s SPX and 2071 pivot seems to have done the trick at least temporarily, but like yesterday it's early...let's see what happens the last hour.  One other ? about pivots.  The SPX kept going to the low-mid 1180s opening and closing right there on different time frames yesterday.  Could that have played into why it topped out there today, do previous day's or earlier in the weeks pivots play into possible pivots the next day or later in the week, or could it have been a Fib. from the highs early in the week to the bottom yesterday?

RP, Just wondering why you wouldn't buy UYG instead of shorting SKF since they are the opposite ETFs and UYG would be less expensive so you could buy more shares?  Thanks.

Think they used to call them curbs.  Haven't noticed them in a good while.  When did they stop the curbs?

That was fast.  Seems like it was only an hour ago and the S & P and Nasdaq was 20 points lower.  The $VIX rose to just under 36, like in March.

This almost feels like mid-March to me, when it temporarily bottomed on 3/17, then retested that low the next day.  On the charts last night, Matt showed where the index short term indicators looked overbought, but there was positive divergence and good signs on the daily and weekly charts, so I'm looking for a retest today or this week to put in at least a temporary base.  Also it shakes out the week hands, and I'm sure a lot of institutions and individuals were hoping for one more pop like yesterday, so they could sell their RIMM and other stocks for 10+% more, and they're still selling.   By  the way the $VIX is back up retesting the highs of yesterday too, in the low 30s again.

Matt, where do you see resistance on XLE and DIG?  Thanks.  George

Got some DIG and XLE, both gapped way down and DUG looks the opposite, like a sell.

A few are doing ok, but with oil diving, most are also doing terrible today.  Still wondering if ESLR looks like a buy, it's at multi-year lows today. 

Matt, can you take a look at ESLR for me please?  Do you see any divergence or a reason to buy or no?  It's at couple year lows.

Which ETFs look like they are poised to rebound?  Possibly the opposite of the index or basic material shorts if there is capitulation, and the VIX spikes over 30?  What are some others that are too overstretched to the down or upside and poised to move the other way?  Hard to tell when the Fed may have a suprise tomorrow.

I used to watch Cramer, his general concepts are useful (don't buy and hold, buy stocks on sale on big pullbacks, and look for the downside as much or more than the upside), but his stock picking stinks.  One of the things I remember him saying a few months ago is that AEM moves more than most gold stocks because they're not hedged, so where a lot of mining stocks are up 5% or so, AEM moved over 20% since the lows of yesterday, was at 43 Thursday, now at 52.  Thanks also for the chart of ABX Matt, I'll look for resistance around the 32 area at the upper downtrend line, and looks like the dollar is temporarily pulling back and that's helping here for a day or 3. 

Matt, Steve, can you tell me what you see in the charts for gold (have ABX) at this time, and maybe for the near short term?  Thanks.