Silver Breakout, Dollar Breakdown, and Riding Market Momentum - Jim Tassoni on What’s Working Now
Jim Tassoni of Armor Wealth Strategies breaks down trades in silver, oil, equities, and why he's staying long despite global risks.
Momentum is back - and few follow it as closely as Jim Tassoni, CEO of Armor Wealth Strategies. In this KE Report interview, Jim walks through his current trades across silver, gold, equities, oil, and the US dollar. With silver surging past multi-year resistance and equities grinding higher despite geopolitical tensions, Jim shares what he's buying, where he’s taking profits, and how he's setting stops to sleep well at night.
Key Trades and Insights from Jim Tassoni
📈 Silver’s Momentum Play Is On
Tassoni entered silver futures at $33.25 and raised his stop after clearing $35.90 resistance, calling for a possible run to $39–$40.
“We don’t predict tops - we ride momentum and trail our stops.”
→ Silver stocks (SIL) also saw breakout momentum; Tassoni entered around $42.35 and is now trailing a profitable trade near $49.
🟡 Gold May Be Range-Bound, But Not Done Yet
After scratching a recent short, he’s now long again at $3406 with a tight stop, watching $3476 as key breakout resistance.
→ “It’s not silver-style momentum, but we’re in the trade and managing risk.”
📊 US Equities: Don’t Fight the Tape
Despite being too bearish earlier this year, Jim is now fully long and riding the trend from ~5900 on futures.
“Markets keep shaking off bad news. Fighting this has been a fool’s errand.”
→ Still cautious on small caps, citing 40% unprofitable firms in the IWM.
💵 Short the Dollar, Short TLT
Tassoni remains short the US dollar and long short-duration bonds while maintaining a TLT short.
→ Watching if the dollar breaks down or stabilizes here. “It’s one of our only shorts - still working.”
🛢️ Oil Range and a Lucky Long
Long oil from ~$63.90, trailing stop now at $69.10, viewing the next range as $65–$73.50.
→ “Profitable trade, but not thrilled about the geopolitical reason behind it.”
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