After last week, it would be nice to be looking at an easy week ahead. But, of course, there is never a moment when we can let our guard down -- and it seems that we actually need to be particularly vigilant now.
Our eyes continue to be focused on the overseas markets, whether the S&P 500 will hold the around 920 level -- and, of course, the $USD, gold and silver.
There are still some strong charts, but also some that are looking more worrisome than a couple of week ago. Oil seems especially vulnerable. There are some metal/mining charts that look okay. And we are keeping a close eye on selective silver companies, looking for a good entry.
Still and as always, though, the primary focus is on protecting profits and not letting them slip away. We will always miss opportunities here and there, but what we consider most hurtful is to lose what has been gained.
It pays to be careful.
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