Two weeks ago we saw pops in stocks like AMC and HOOD, which both went up over 20% in a day, but last week the stock market meme momentum simply stalled out. Now what looks like an exciting rally looks like a simple bear market bounce. Either way, it is time to sell things lagging the market and get into things that are outperforming the S&P 500. It is commodities, gold, silver, and mining stocks that are now doing that. Take a look at my technical analysis charts in this video. My comments are not about stock market predictions, but stock market trend reality. The silver price is ready and so is the SLV ETF.
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Who am I?
Michael Swanson is the founder and head editor of WallStreetWindow.com. He ran a hedge fund from 2003 to 2006 that generated a return of over 78% for its investors during that time frame and in one year was ranked in the top thirty-five hedge funds among several thousand tracked by hedgefund.net. He received a Masters Degree in history from the University of Virginia in 1998 and since retiring from the hedge fund world writes about global investment trends, the financial markets, and American history.
