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Thursday, October 31, 2013

FOMC Meeting Was A NON- Event


Thursday Oct 31, 2013 6:30 AM PT
After yesterday's FOMC meting, nothing got changed. We still are printing $85 Billion every month.
Dollar will keep on weakening and stocks may or may not go up . We will not go long at this time. Shorting selective stocks may be prudent but there will be a rally around the corner and you can be whipsawed.

DJI made a new High
SPY made a new High
IWM looks toppy
TNA is going down Are not you glad we got you out a few days back with a nice profit?
TZA  Forming a base
GLD gold Etf No SELL signal

GDX  Gold Miners ETF ( NO SELL signal )

NUGT ( No SELL signal)


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