Update For Thursday Dec 11, 2014 Premarket

As expected, Tuesday morning the market opened sharply lower but then shot back up with Nasdaq closing positive for the day. Russell 2000 had a strong rally also on Tuesday recovering most of the decline. It made it up yesterday with the largest decline equal to 2.25%. The first leg of the decline started last Friday. We completed the First step down on Tuesday morning followed by second step the same day. The 3rd step down started yesterday and is not over yet.  It will be followed by 4th step up and then 5th step down.  After that we will get a sharp rally in leg two and then even bigger decline in Leg 3 Down

 Market will open higher this morning to suck in some more retail investors, but will be followed by further declines.
Short term energy stocks may have seen the bottom yesterday or today. So one should not short Energy stocks till a meaningful rally happens.

Gold miners had  bad earnings all year long. Many people have had big losses in Gold mining stocks.
They will be taking losses before the end of the year. We are starting a Gold Miners Motif today on Motifinvesting.com

DJI

SPY

SPY Chart since Friday Dec 5, 2014

IWM

TNA

TZA

XLE Our Motif in Energy -Bull or Bear stocks had a gain of 30% since Oct 15, 2014

ERX

ERY  We took profits in ERY yesterday.

GLD Ready to consolidate . No Sell signal yet.

SLV

GDX  Gold Miners giving a SELL signal

NUGT    3 X Miners ETF giving a SELL signal

DUST  Giving a Buy Signal  . This is 3X Bear for  Gold Miners

TLT   Long term interest rats keep on going down and TLT keeps on going up

TMF  keeps on going higher