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Tuesday, January 28, 2014

Take Profits In Leveraged Short Positions

Tuesday Jan 28 at  6:30 AM Pacific Time
In the USA, markets have completed ( or will do so today or tomorrow) 5 steps of the First leg Down. We will start the second leg Up today or tomorrow. This can  go back to previous highs  in the next few days before bigger decline starts again. It also depends on what the Fed does tomorrow.Let the charts tell the story:
DJI

SPY
Nasdaq

QQQ
IWM Russell 2000 ETF
TZA : Take profits  . You have 15%  profit
TNA Ready to rally to below previous highs today or tomorrow

GLD  Ready to rally again

GDX  Gold Miners  Ready to rally again

NUGT  Ready to rally again

DUST  Going Lower No Buy signal yet
HUI   precious metal stocks going higher
SLV is giving a Sell signal . Wait for a rally before selling it.


USLV Giving a Sell signal. Wait for rally in Silver before selling  this.


You can see why we do not recommend individual stocks.Apple had a bad earnings report and it is down by more than  $42 per share.

Friday, January 24, 2014

SELL signals around the World

Friday Jan 24, 2014
Sell signals are visible in many markets around the world. That includes Japanese , German, French and Indian markets. This we have been warning for a few days and finally it is happening.This is all happening in accordance with Chapter 5 of our book. The decline is not over by a long shot. Gold continues to rise as currencies in Argentina,and Turkey and India are being hammered. This kind of thing can cause a world wide crisis as happened in 1992.Argentine policy makers devalued the peso, allowing it to drop the most in 12 years, other emerging market currencies started selling off also.  The Turkish lira plunged to a record low while Russia's ruble fell to a 5 year low and the South African rand moved above 11 rand/$.
DJI has the biggest 2 day drop in 3.5 months

DJT Transportation made a new high but it will also follow the rest of the market down
SPY  clear Sell signal yesterday
QQQ
IWM  Clear Sell signal
TZA Ready for a buy signal

TNA  Sell signal coming today
GLD moving  up on strong volume
GDX  Going up steadily


NUGT Making new Highs. Best performing ETF. We gave a Buy signal two weeks ago. up 40% since then
DUST  Worst ETF Lowest in 3 months
SLV  Silver not doing as will as GOLD ETFs
USLV

Wednesday, January 22, 2014

Update for Jan 22, 2014 Wednesday

The markets continue to stay near the top even though technically they look weaker especially on candlestick charts. DJI is leading on the downside but other indices are still near highs.
DJI
SPY
DJT after  making a new high closed lower.
IWM Made a new high, but no SELL signal yet
TNA
TZA made a new low
TNA made a new high

GLD Gold ETF  No SEll signal yet
HUI  Amex Gold BUGS Index  Continues to move higher even though Gold dropped yesterday

GDX   Gold Miners Index Keeps on going UP



NUGT  Making New Highs Everyday

DUST 3X Bearish Gold Miners Making New lows



Here are more predictions about Gold by the top timer in 2013
http://clicks.aweber.com/y/ct/?l=Jg.i0&m=JO4H7nGY3lrk7z&b=Qe1Mh1U8v7DGzKl1tS9tVA
The following chart is from the above
There are 3 possibilities above only one of them is bearish. We prefer long positions at this time

Friday, January 17, 2014

Getting Closer to SELL

Friday  Jan 17    6 :45 AM PT
The markets are being kept near the Highs so that the insiders and Big Money can sell near the top.. You can see the action of the markets for the last 3 weeks. Indices have made new highs but without much conviction. Number of New Highs keeps on going down. Some Stocks make new highs but the volume keeps on going down. This is the clear sign of a market that is being distributed to retail investors.
DJI giving a Sell signal but it will try to go to previous Highs  soon.

SPY No Sell signal but getting closer
DJT
QQQ
GLD  Going up but volume lacking
GDX  Making New Highs
NUGT  Rally made a new high today. Be careful
IWM  No SELL signal yet
TNA  No SELL signal yet
TZA  No BUY signal yet. Can go to recent lows or even lower

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