Market Status As of Aug 5

We will give the market status as of  yesterday. We have not had a SELL signal so far per the criteria in our book in DJI, SPY, SPX, NASDAQ, QQQ, DJT APPLE etc We are getting closer . We have been saying since last Thursday that the rally to new highs was just a trap  giving the insiders  ( BIG MONEY) an opportunity to sell near the top. We had the lowest volume of the year yesterday. Only fools are buying near the top and insiders are happy to sell to them. Like a giant tanker , it takes time to reverse this rally.

DJI

SPY

QQQ

IWM

IWM which corresponds to RUSSELL 2000 hits a new high but at the lowest volume of the tear. 

Unless a new high is confirmed buy volume , it is considered to be an anomaly as we explained in detail in our last post.

Gold and Silver also gave a SELL signal on Friday and the decline is continuing. See below the charts of GLD ( Gold ETF)  and SLV as of 7 AM today

Silver ETF SLV

WE will not be surprised  if Gold & Silver make new lows below last month's low. We fully expect that Dollar will make a new high soon and that will give a reason for gold to make a new low.

As of 7 AM today we have a SELL signals in all stocks. This will be an extended decline. We will know when the decline . The best stock to buy is TZA ( Triple Reverse ETF of RUSSELL 2000)

TZA  chart  As of 9:30 AM PT