The markets are being moved up and down so that the insiders can distribute stocks to retail investors .
The markets are moving up on the lowest volume of the year and that is also the reason why markets are taking so long to reverse direction.
Dollar made a new high this morning and Yen and Euro made new lows. ECB has no clue about how to stimulate the economy. Merely devaluing the currency does not work. Yen is now above 121 to the
Dollar. Similarly Euro is making new lows . In two years it will be on par with the dollar.
Jobs created in the last 3 months are low paying seasonal and will reverse after January 2015.
Energy sector continues to move lower after minor rallies. Saudi Arabia announced yesterday that they will cut prices for USA imports. Small oil producers from Shale will start going out of business.
Same is true of Gold miners.Weakest sector remains to be Russell 2000 and Energy Stocks. (See Our Book) Chinese stocks are moving up because of continuing stimulus and opening of the Shanghai market to the whole world. Nearly one Million new accounts were opened in the last one week out of Hongkong alone.
DJI
SPY
The markets are moving up on the lowest volume of the year and that is also the reason why markets are taking so long to reverse direction.
Dollar made a new high this morning and Yen and Euro made new lows. ECB has no clue about how to stimulate the economy. Merely devaluing the currency does not work. Yen is now above 121 to the
Dollar. Similarly Euro is making new lows . In two years it will be on par with the dollar.
Jobs created in the last 3 months are low paying seasonal and will reverse after January 2015.
Energy sector continues to move lower after minor rallies. Saudi Arabia announced yesterday that they will cut prices for USA imports. Small oil producers from Shale will start going out of business.
Same is true of Gold miners.Weakest sector remains to be Russell 2000 and Energy Stocks. (See Our Book) Chinese stocks are moving up because of continuing stimulus and opening of the Shanghai market to the whole world. Nearly one Million new accounts were opened in the last one week out of Hongkong alone.
DJI
IWM Going Lower to New Lows
TNA Going Lower to New Lows
TZA Going Higher
XLE Going Lower to new Lows
ERX Going Lower To New Lows
ERY Going Higher
DUST
YINN Chines large Caps are Going Much Higher on high volume
FXI Chinese chart for 10 Years
Chinese stocks have a lot of room to go up
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