SLV is up 4% this morning and ZSL (the 2x short) is also up slightly. Go figure.

Jim:

The question you pose are specific to how one trades (swing, hybrid, short term). For instance, some here have bought and sold those ETF's already while others are looking to swing trade them. However, you need to make sure you (personally) manage those purchases in accordance with you objectives and risk tolerance. The comments on the watchlist are meant to provide general guidance but each person must adapt to his/her own strategy. In other words, you should develop a game plan and act accordingly. What's right for one individual may not be proper for someone else. It may sound corny but this is all very important in the context of proper money management.  With that said, I posted a daily RUT chart below showing that the index has now worked down to oversold and 'may' be in a position to bounce. Matt discussed gold and silver last night but again make sure you have an exit strategy in place should they reverse course.