Stocks Ready for a Final Step Up

Stocks have started going up after some consolidation on Wednesday  and some more today.

We are in a final up move  and we do not recommend any more buying unless you are a trader. After this rally is over in a few more days, we will start a big decline. IWM and TNA are acting very well so far and TNA will soon make new highs. All stocks will not make new highs. When the rally is over, we will get into TZA which will hit new lows soon.
See some charts
DJI

SPY

IWM

TNA

Gold is acting very well today and may give a BUY signal today. It is ready to cross the 15 day moving average.

GOLD Dec Futures

GLD  Gold ETF

GDX  9 Gold Miners ETF

NUGT  3X Gold Miners ETF

NUGT -7 days  Let us look at NUGT chart for last 7 Days Since  No Taper was announced. It completed the 4th step up and started the 5th step down. The 5th step down ended on Friday. Since Friday we have started the new leg up . Today is the start of the 3rd step Up

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Final Step Up to New Highs Starting today

Sept  25 Wednesday  6:20 AM PT
US stocks are  starting today   a  rally to new highs after completing the 4 day decline yesterday and today. After this rally is over in the next few days, we will start a big decline in US stocks.
Let us look at some charts.
DJI

SPY

IWM   ETF corresponding to Russell 2000 has been strong in the last few days even though DJI
and SPY were going down. This strength will result in higher highs in the next few days in IWM & TNA
IWM

TNA will make new highs soon

Gold stocks  are ready to go up as Gold stayed above $1300 yesterday and is ready to go up above $1400 unless it cannot cross $1350.
GLD

GDX ETF for Gold Miners. GDX completed 5 steps down yesterday and started going up.

NUGT  3X Gold miners index started the first step of the 5th leg up yesterday to may be  new highs in the current rally.

NUGT 5 days Let us look at the 5 day chart. Insiders bought heavily near the lows

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Markets Digesting No Taper Rally of Last Wednesday

Monday Sept. 23, 2013
US stock markets are digesting No taper rally of Sept 18, 2013. The rally was on heavy volume and many people had to cover their short positions. We do not have any SELL signal yet.The markets have been going down in step 4 of the 5th leg up. After this consolidation is over , we will have  another step up. See the charts below

SPY

IWM

TNA

Even though there was a big decline in DJI , IWM & TNA did not decline much. The decline in DJI may have been due to removal of  3 bad stocks and addition of 3 strong stocks into DJI index.  Many institutions had to remove these bad stocks from their portfolios on Friday. The effect  of addition of new stronger stocks will start showing up starting today.
Gold and silver  are being manipulated to go lower but soon we should have a rally . Any  modest decline below the lows established last Wednesday and Tuesday will be a SELL signal.
GLD The major ETF for Gold is nowhere near the lows established  below Wednesday lows. That gives us encouragement that a rally in Gold should happen soon.
GLD

GDX Gold Miners ETF

GDX now includes some foreign gold shares and removed some gold shares where the capitalization was too low. That is why it dropped sharply on Sept 20.
NUGT

SLV  Silver ETF

USLV

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Contnue to Buy Gold & Silver- -

 Thursday Sept. 19 , 6:30 AM PT

Gold & Silver are going much higher. We like the  Gold mining ETF  GDX and 3X leveraged Gold mining  ETF  NUGT. We have been recommending NUGT since Sept 13, 2013. Ysterday alone it went up 40%
In Silver buy    Silver ETF SLV  and 3X leveraged ETF  USLV
 GDX

 NUGT

 SLV

 USLV

No taper is causing stocks around the world to go up. usa stock markets are in record territory
We will continue to hold stocks till we get a SELL signal. It will take sometime before that happens.
There will be some short term profit taking and after that the markets will make new highs.
 DJI

 SPY

 IWM

 TNA

 TNA has gone up 22% since we first recommended on Aug 28 , 2013- not bad in 11 days.
 How come mot mutual funds cannot even make 10% in a YEAR?
To buy the book go here :
http://www.makemoneybullorbear.com/p/blog-page.html

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After Some Consolidation Final Push Up Just Ahead

 Sept. 17, 2013 Tuesday

After making lows from Aug 28 to Sept 3, the US markets have been going up  as predicted  on August 28 in our blog on  relatively low volume. We started the final 5th  step up in this rally yesterday and the rally is in its final stages no matter what the Federal Reserve does tomorrow as far as tapering is concerned Not every stock is participating in this rally.  You can buy TNA sometime today ( not at the opening) and hold on till the market makes a new high in RUT ( Russell 2000 iindex)
Yesterday most stocks opened at the highs of the day and sold off during the day. That shows the weakness of the market. Many Stock indices will make new highs.
DJI

 SPY

IWM

TNA  After opening at the high of the day, TNA is consolidating and you may buy before the close today  and stay with it as it will make a new high soon.

GOLD & Silver
Because of the manipulation by some brokers , it has been a difficult trade. Finally NUGT is ready to move up in a big way. Gold made a double bottom last night as it stayed above the lows made in Hongkong Friday.  It is ready to move up no matter what happens tomorrow.

GDX Gold Miners ETF for last 15 days

NUGT  Ready to move to new highs

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Market Continueing to Go Up on Summers News

 Sept 16, 2013 Monday  6:20 AM

 Markets are continuing to go up as they feel that any new Federal Reserve Chairman will be  more dovish than Summers. We had predicted as early as

Aug 28, that market was bottoming in the first leg down and that it will go back to the previous highs. It is possible that we may get new highs. Nasdaq has already made new highs and Russell 2000 will also make new highs soon as well as SPX 

Let us look at some charts as of Friday Sept 13
DJI

 SPY

 IWM

TNA

Do not buy at the opening. We may have a  slight pullback today or tomorrow.

Gold & Silver

On the heels of the blockbuster interview with London metals trader Andrew Maguire, where he told King World News he brought two JP Morgan gold and silver whistleblowers to a high profile law firm, and also to the CFTC, Gold and Silver markets both moved higher between 12 noon and 1 PM PT on Friday Sept. 13, 2013
See the chart of GLD at close on Friday at  1 PM PT

Let us look at some  Gold  mining  ETF's

GDX 3 month  Fibunachi 

 NUGT Gold Mining 3 X ETF

NUGT last 15 days  BUY NUGT today if you had not bought before

As you can see, NUGT completed 5 steps down on Sept 13, 2013 and it is ready to go up to at least the previous highs established on  Aug 27. NOTICE HEAVY BUYING BY INSIDERS AROUND THE LOWS IN LAST 3 TRADING DAYS.

SLV  SILVER ETF Notice SLV started going up on Friday after making a new low. It will most probably make a new high.

USLV    3X leveraged Bullish ETF.  BUY USLV

Interest Rates  

Interest rate charts are showing that interest rates may have stated going down on Friday.

TTT which is a 3X bearish ETF gave a SELL signal on Friday

TTT

TLT  20 +yr bond ETF  is giving a BUY signal saying that interest rates are going down on a short term basis

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