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Tuesday, September 16, 2014

Decline to Continue With Minor Rallies

Sept 16, 2014 Premarket  6AM
Friday and then yesterday most indices went below the 15 day moving averages thus confirming our prediction of  start of the decline.  Russell 2000, IWM, TNA , NASDAQ all gave SELL signals.

Gold continues its decline, though it appears to be over sold. Natural gas ETFs GAZ and UGAZ gave buy signals yesterday and after any short term declines natural gas will continue its rally.

Federal reserve policy will remain unchanged tomorrow with minor changes in language if any.

DJI
SPY
NASDAQ
IWM
TNA
TZA
GLD
GDX
NUGT
DUST
GAZ Natural Gas ETF
UGAZ  Bullish 3X ETF

DGAZ  Bearish 3X ETF


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