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Wednesday, February 12, 2014

Update for Feb 12 Wednesday 6 AM Pacific Time


As we had predicted  on Feb 15, the market has had a nice rally since  then. It has nothing to do with earnings or what the new FED head had to say.  Gold also moved nicely up. It has gone up from $1181 to $1293. It is about time to take profits.
DJI  May not go to Previous highs creating divergence  from NASDAQ. Rally is still not over yet
SPY Moving still higher . May or may not make new highs before the big decline starts

IWM  will start going up faster now as it crossed the 15 day moving average yesterday
TNA  Rally will continue
TZA Going Lower may be to new lows. We were right when we asked you to take profits near the highs

GLD   Gold instead of going down, gave a BUY signal on Monday as it moved above 15 day moving average. 
GDX  Has had a strong rally on increasing volume
NUGT  Take profits . It has gone from a low of 25 to 46. Unless Siver moves to $20.67, it may be signaling a SELL for NUGT

DUST Made new low. Do not buy it yet
SLV  Silver is weaker than Gold

USLV

DSLV

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