PSLV

Last night I posted PSLV as a possible long trade, if you bought on the open, you should be up about 5.5% more then the 4.6% SLV is up (or about 4% if it was bought on the open). I didn't list SLV and didn't consider it yesterday as there wasn't a clean signal there, PSLV was different.

Here's what PSLV looks like now

 This is a 15 min 3C chart and the one that made me decide to put the idea out there, but in all of the 3C charts that follow, you can see the positive divergence was very late day and at the bottom of the day's range.

 The 5 min chart didn't show a credible divergence until 3:40 yesterday

 The 1 min chart was more like 3:52-3:57 p.m.

 I personally don't like the environment surrounding silver and would keep a fairly tight stop. This s the 15 min trend channel which should move up fairly quickly. If the move shows some resilience, this stop may be widened later today.

For those not using a Worden product (my trend channel) then I'd use a 10/22 bar moving average on a 15 minute chart and in this case the stop would be on an intraday basis, not on the close as per usual.

Again, this stop may be widened later in the day if conditions remain bullish.