Update For Monday Dec 15, 2014 Premarket

As predicted, the market completed its step two up of the  decline Thursday morning and started the 3rd step down. The step 3 intensified on Friday and markets have wiped out all of the gains  for the last 5 weeks. The decline may continue down   during the week of  Dec 15 to Dec 20th and then some kind of rally will develop before  Christmas.

Energy related stocks and even   Gold mining stocks and 90% of the SPX 500 stocks  declined  on Friday.
This is no surprise to our readers. It is  clear  Step 3 was not  completed on Friday .After the 3rd step down is completed  today or tomorow, it will be followed by a small 4th strp up and then a 5th step down.
Only after that we will have some kind of a rally before Christmas and New year. We expect much bigger decline in 2015.
DJI

SPY

IWM  Russell 2000 decline is not over yet . Any rally will be followed by further decline. 

TNA    3X bullish  Russell 2000 ETF wil go down more after any rally today.

TZA  3X Bearish ETF will go higher after any minor  deline today

GLD  There is no sell signal in this Gold ETF  even though Gold may go lower

 

SLV

SLV   NO Sell signal Yet



GDX  Gold Miners ETF   Selling going on in this ETF by all those who have had Losses in Gold mining shares all year long.

NUGT    Gave a SELL signal last Wednesday No Buy Signal.  Going Lower

DUST  Going Higher  No Sell signal yet.

XLE  Energy ETF   No Buy signal yet Some consolidation going on

ERY  3X Bearish ETF   No Sell signal yet

ERX  3X Bullish  No Buy signal yet  May consolidate here

TMF  3X Bullish ETF for Long Term bonds . No SELL signal yet

UVXY   Volatility   2X  ETF   May go higher after some consolidation today. We started a Motif based on movement of VIX.    It is    called    Volatility -Bear or Bull.  The inverse  2X  ETF is SVXY  which is going lower while UVXY goes higher