Update For Friday Feb 28, 2014 6:30 AM PT

The markets have been going up and down in a process to distribute shares to retail investors. It appears the markets will make new highs moving towards one year long trend lines. Gold and Silver are also moving higher after consolidating for 4 days.

DJI   Will make a new high soon

SPY (one Year ) Can go up to the trend line  Today's correction will be followed by new highs

SPY ( 3 Months )

Nasdaq ( One Year Chart) Will go up to the trend line before major correction starts

QQQ ( one Year)  Going Higher

QQQ ( 3 Months)  Will make new highs

IWM Going Higher To reach the year long trend line  before a big  correction starts

GLD Going higher after completing 4 th step 

GDX Will start moving higher 

NUGT Going higher . Should make new high in Step 5 up

TNA Going higher to new highs

TZA Will make new lows

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Time To Take Profits During the Rally Today

Wednesday Feb 26 , 2014 6:30 AM PT
We do not have a SELL signal yet, but since Feb. 5 we have had strong rallies as SPY, Nasdaq and even  Russell 2000 reached close to previous highs or exceeded them. It is time to  take profits. So sell into the rally today taking profits. Do not Sell short yet.  Even though Gold is down this morning to yesterday's lows, it can go higher till it goes below $1300.
DJI   Has been the weakest Index this month. So is DJT index. This divergence between the strong indices and DJI also confirms the weakness. Markets will soon give SHORT SELL signal.

SPY made new highs . No Sell signal yet.

IWM Reached near previous highs. 

IWM for the year. It can go to the previous trendline

TNA Can go a little higher making new highs

TZA Making new lows today (& yesterday) Get Ready to BUY Soon

GLD Is weak But No Sell Signal

GDX Gold ETF Can go higher

GDX for 3 months

NUGT No Sell signal yet

SLV Consolidating

USLV  Consolidating  . No Sell signal 

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Update For Monday Feb 23 6:AM Pacific Time

Friday was Option Expiration Day. Also it was a shortened week. Friday's action is difficult to characterize. Initially the market went up but then closed near the lows. But the decline was not very sharp. Up and down action of the last few days is typical of markets which are nearing the end of their up move. The strong stocks keep on going up.Russell 2000 was up for the day. Volume on Friday was higher being an Option expiring day.
SPY reached near the previous highs and Nasdaq keeps on making new highs. The number of new highs keeps on going down ---another sign that internals have started to weaken
Gold and Silver have been consolidating and ready to make a push higher .

We do not predict where the market is going. We follow the market.  It tells us when to buy and when to sell as given in our book.

DJI

SPY

Nasdaq

IWM Going Higher

TNA going Higher

TZA Will make New Lows

GLD going higher after consolidating for  5 days

GDX going higher

DUST  Will make New Lows

SLV going higher

USLV Going higher

DSLV  Going Lower

NUGT after 5 days of consolidation going higher

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Update for Feb 20, 2014 Thursday

The market had a first big decline in many days. Our Technical indicators do not show any SELL signals. We had first distribution day  in Feb 2014. There will be several up and down days so that the insiders  and Big Money can distribute shares to retail buyers. Gold  has a lot of support at $1300. Here again we do not have a Sell signal. The market was overbought and can rise again so long as it stays above $1300. Let us look at the charts.
DJI

SPY

IWM

GLD

GDX

NUGT

DUST  No Buy signal yet

SLV

USLV

DSLV No buy signal yet

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No SELL Signal Yet for US Markets

Tuesday Feb 18 , 2014 6:30 AM Pacific Time
The rally that we predicted correctly has been going on since Feb 5. Is it over yet? No. Unless we have distribution  days by the big boys and large institutions and insiders, the rally will  not be over. The distribution has to be on heavy volume without the market moving much for at least 4 to 6 days. See the chart.

So please refrain from taking new positions unless you want to be the sacrificial lamb. Do not sell on a down day. Wait for the peak and get out when the market is near the highs and preferably makes a new high which is news related.
DJI : We have added MACAD in all our charts. Please learn about it by googling it.Grey line has to go below red line to give a SELL signal and vice versa. There is no perfect  Holy Grail that can tell you when to buy and when to sell. Every now or then you will be wrong but if you are right 80% of the time, you are doing pretty good.

SPY

IWM Still going higher

TNA Going higher may be to new Highs

TZA Will make new Lows soon

GLD Going Higher You need to worry about Gold and Silver manipulation by US Govt

http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/  This is a very very good article. Will US GOVT take Gold down one more time?

GDX Gold Miners Continue to go higher. Candlestick chart has first bearish candle, but the stock can go higher. No SELL signal

NUGT Also first bearish candle. Going higher today

SLV

USLV

DSLV  Going Lower to new lows

DJ TRANSPORTATION  Not making New Highs. The rally is fake and will end soon after they have completed the distribution

QQQ Making New Highs but Distribution to retail has started

US Dollar Index Keeps on Going Lower

Gold April Futures MACD gave a Buy signal near the lows( Courtesy Kitco.com)

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