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Thursday, June 27, 2013

After Current Short Term Rally, a Bigger Decline Expected

We have had 3 day rally since the lows  established on June 24, 2013 based upon good data. The rally has gone further than we expected but it will end soon followed by fresh new lows. So some patience is required. Seasonal factors are favoring further upward movement in stock prices.
Interest rates are declining from highs established earlier this week.
Gold is reaching levels where most of the people are negative about Gold. Soon Gold may reach a point where it is a Buy short term.


Russell 2000

Nasdaq

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