Update For Nov 17, 2014 Premarket
Russell 2000 has already started to go down. It is lower than it was 11 days ago on Oct 31, 2014. SPY and DJI made their highs on Thursday Nov 13 and QQQ made the high on Nov 14 . They are all ready to go down now. Most retail investors and many traders are ALL IN. Bullishness is at record levels. That is when the rally comes to an end.
The world's third-largest economy Japan contracted an annualized 1.6 percent in the July-September quarter, data showed on Monday. The economy contracted a revised 7.3 percent in the second quarter.
Japan is technically in recession. We talked about Japan calling it a basket case in our blog of Nov 7, 2014.
See the Japanese ETF in US dollars. All of the recent gains have been lost last night.
Many countries in Euro Zone are in a deflationary recession or will be soon. Then it will be our turn. War in Ukraine will heat up again and Iraq and Syria will be problem areas for a long time.
Gold made a low around $1130 last week when most people were bearish and gave a BUY signal on Friday. It is not clear whether it is a long term buy or a short term buy.
Similarly Silver also gave a short term Buy signal. Gold miners also gave a Buy signal after being down 70% from highs set up in 2011.
DJI
SPY
IWM : Will give a SELL signal soon
TNA
TZA Ready to give BUY signal
TLT Interest rates going down
TMV Going Down Again
TMF Going Up again. Will not go to recent highs
GLD Gold giving a short term buy signal
GDX
NUGT Giving a BUY signal
DUST Continues to go down
SLV Silver going up
UGAZ Going up. May not go to recent highs
XLE Energy stocks will go lower again after two day rally from recent lows
ERX Will go down soon
ERY
Russell 2000 has already started to go down. It is lower than it was 11 days ago on Oct 31, 2014. SPY and DJI made their highs on Thursday Nov 13 and QQQ made the high on Nov 14 . They are all ready to go down now. Most retail investors and many traders are ALL IN. Bullishness is at record levels. That is when the rally comes to an end.
The world's third-largest economy Japan contracted an annualized 1.6 percent in the July-September quarter, data showed on Monday. The economy contracted a revised 7.3 percent in the second quarter.
Japan is technically in recession. We talked about Japan calling it a basket case in our blog of Nov 7, 2014.
See the Japanese ETF in US dollars. All of the recent gains have been lost last night.
Many countries in Euro Zone are in a deflationary recession or will be soon. Then it will be our turn. War in Ukraine will heat up again and Iraq and Syria will be problem areas for a long time.
Gold made a low around $1130 last week when most people were bearish and gave a BUY signal on Friday. It is not clear whether it is a long term buy or a short term buy.
Similarly Silver also gave a short term Buy signal. Gold miners also gave a Buy signal after being down 70% from highs set up in 2011.
DJI
SPY
TZA Ready to give BUY signal
TMV Going Down Again
UGAZ Going up. May not go to recent highs
ERX Will go down soon
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