WPM Trade on Jul 18, 2019 11:09 from beno: Tradervue User Stock Trades.

WPM (silver mining stock) did as I expected and dropped lower in the morning then preceded to trend higher until noon-ish. I noticed while trading it that it followed the silver mining ETF (SIL) very closely (duh of course…). I also noticed that the silver ETF (SIL) was inversely corelated with the SPY market ETF. After WPM rose higher while SPY was going down, I upped my stop to 5 cents above my fill price. When SPY bounced midday and trended higher, I got stopped out (this is how my inverse correlation theory was confirmed). After SPY got back to its high of day, I was going to either short or long WPM based on how SPY behaved and its level. When SPY reached the high of day level, I saw massive sellers on the WPM tape (~ 100,000 shares), I haven’t seen this many shares on the tape until now. Two variables were on my favor now to short WPM: 1. SPY was at high of day resistance (relevant because I noticed the inverse correlation between SIL and SPY), 2. Huge sellers on the tape on WPM. I shorted, got filled, and set my stop 8 cents above. This is when the characteristic of the market changed, heavy volume was coming into the SPY, it broke the daily high but SIL didn’t behave inversely. It actually followed through with the SPY and went even higher?! I got stopped out 8 cents above. I find it odd that SIL was inversely corelated with SPY all day except at around 2:20pm when the volume came in, then it wasn’t. Suffice to say, I was astonished and intrigued!