JULY 31 Wednesday 6:10 AM PREMARKET DATA
As predicted several days ago, DJI, DJT & SPY gave SELL signals in addition to SELL signals for RUSSELL 2000, IWM & TNA given on July 7 . This is based on our book. Earnings may have been good but they are no more useful than looking at the rear view mirror.
NASDAQ will give SELL signal today. Even though GDP for second Quarter was published at 4% gain yesterday compared to 2.1% (revised) for First Quarter, these numbers are not meaningful for predicting the market.
European markets gave a SEll signal some time back
DJI
DIA ETF for DJI went below 15 day and 50 Day moving Averages
SPY
IWM
TNA
TZA
GLD
NUGT SELL signal
DUST BUY signal Given
As predicted several days ago, DJI, DJT & SPY gave SELL signals in addition to SELL signals for RUSSELL 2000, IWM & TNA given on July 7 . This is based on our book. Earnings may have been good but they are no more useful than looking at the rear view mirror.
NASDAQ will give SELL signal today. Even though GDP for second Quarter was published at 4% gain yesterday compared to 2.1% (revised) for First Quarter, these numbers are not meaningful for predicting the market.
European markets gave a SEll signal some time back
DJI
DIA ETF for DJI went below 15 day and 50 Day moving Averages
SPY
GLD
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