Feedback in:
Good evening Michael,
I’m sure you’ve seen the headlines, but Silvergate Bank and Silicon Valley Bank (SVB Financial) have been interesting to watch over the last few days.
Professional analysts kept saying the “fundamentals” were apparently strong on both of these companies and we can now see how these numbers were not telling the whole story. These numbers were not to be trusted.
The market price; however, has been flashing sell signals for both companies since early 2022 and has been providing a clearer picture of the market’s view on each company.
Silicon Valley Bank (SIVB) has dropped from around $600 in March 2022 down to its current halted price of $106.04.
Silvergate Bank (SI) has dropped from around $120 in April 2022 down to its current halted price of $2.25.
Market participants using price as their sole indicator had multiple opportunities to make some great money or at least exit before the bottom fell out.
Indeed. You get it!
How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.
Also jump in:
• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us
Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.