Tuesday Nov 26, 2013
Prior to yesterday, the market was going up on lower volume. Yesterday in 4 days the volume was higher than previous 3 days telling us that the markets are still going higher. We do not try to predict how far the markets can go on the up or downside. In spite of the macro-economic environment being weak around the world, the markets continue to go up. We do not fight these trends because of heavy printing by Central banks around the world. We have had no SELL signal. So be cautious in both long and short sides. DJI had a bearish signal on Candle charts yesterday and so did SPY, yet the markets keep on going up.
IWM Went up on Higher volume
TZA Making new lows
GLD Some kind of rally coming here . Intermediate trend still bearish
SLV
GDX Some kind of rally possible here
Prior to yesterday, the market was going up on lower volume. Yesterday in 4 days the volume was higher than previous 3 days telling us that the markets are still going higher. We do not try to predict how far the markets can go on the up or downside. In spite of the macro-economic environment being weak around the world, the markets continue to go up. We do not fight these trends because of heavy printing by Central banks around the world. We have had no SELL signal. So be cautious in both long and short sides. DJI had a bearish signal on Candle charts yesterday and so did SPY, yet the markets keep on going up.
GLD Some kind of rally coming here . Intermediate trend still bearish
SLV
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