Current Rally Will be over Soon

The rally which have been going on for  the last two weeks will be over soon.Gold and Silver are also ready for further declines. Weakest are IWM and QQQ but wait for one or two or more  day rally before establishing short positions. After this rally is over we will buy TZA , SQQQ or SPXS

DJI

SPY  NO SELL signal Yet

IWM

TZA

QQQ

SQQQ

Wait for Rally in QQQ before buying SQQQ

GLD Gold Ready to Go Down Again

GDX Gold Miners Giving  SELL signal

DUST   Starting to Go Up Again

Posted by Unknown 0 comments Continue Reading

Rally Continues With New Highs in Dow Jones Transportation- Gold & Silver Continue to Go Down

April 24 Thursday

Market continues to move higher with DJI probably exceeding the previous highs and so  can SPY.The rally had the lowest volume in months. We consider this rally to be a fake rally and will get ready to take  short positions soon but not before we get a SELL signal. On April 16 we advised you to take profits in all short positions. (Since that time markets have moved up nicely.)And to go short in Gold stocks
Gold making new lows .

DJI

SPY

SPXL Continues to go higher 3 times SPY ETF Gave a Buy signal 5 days ago

SPXS   Continues to Go lower will make new lows

IWM  ETF for Russell 2000

TNA  continues to go higher on low volume. Will not make new highs

TZA  Continues to go lower

QQQ

SQQQ

TQQQ

GDX -  Gold Miners  Going Lower

GLD  Pre-Market Opening  Going down sharply

DUST   Continues to go higher -Pre- Market data

NUGT  Continues to go lower

Posted by Unknown 0 comments Continue Reading

April 22 Tuesday Update

DJI & SPX 500 continue to move higher as we mentioned in our last blog post. Russell 2000 and Nasdaq  and QQQ have not moved up as much. Gold continues to move lower .

DJI

TNA

TZA

QQQ

SQQQ

GLD

GDX

NUGT

DUST

Posted by Unknown 0 comments Continue Reading

Market is in a Rally mode Near Term Except Gold & Silver

Posted on Wednesday , April 16 at 6:30 AM

I am back from my vacation.  We have had a nice decline since I went on my vacation. It is time to take profits in TZA and SQQQ as markets may have completed near term lows yesterday. After this rally is over we will have further declines . So please postpone any new short positions .

DJI

SPY

SPXL 3X SPY long  Can go to previous highs

SPXS  3X Spy Short. Can go to recent lows 

IWM  Rally coming

TZA Take profits 

TNA Ready for a Rally

QQQ  Ready for Rally

SQQQ  Take profits 

TQQQ 3X  QQQ Bull

GLD Ready to go down

GDX Gold Miners going down 

DUST   Gave a Buy Signal

NUGT Going Down Near Term

Posted by Unknown 0 comments Continue Reading