Update For Thursday Oct 8, 2015 Premarket

The rally that we have been seeing for the last 7 days is almost over. The best way to distribute stocks by insiders is to move the market up and down . Manipulation is done usually on DJI ( only 30 stocks to manipulate)which made a a new high above Sept 17 highs yesterday. SPY, IWM , DJT, NYA, QQQ, NASDAQ did not do that. This divergence shows the weakness of the market. The energy stocks have had the largest up side move in the last 4 trading days on the back of what is happening in the Middle East.

Gold had a nice move up but it is not over yet. It is consolidating  and will resume its up ward move soon.

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Update For Tuesday Oct 6, 2015 Premarket

Because of bullish tendencies  on the last day of the Quarter and first few days of the new Quarter, the market has ben going up in the last 4 days. This rally is almost over.

DJI is the strongest index as 30 stocks in this index can be easily manipulated. The real weakness remains in Russell 2000 which made a new low below the step 3 low. Others should follow  towards new lows below Aug 24 lows.

Gold has been going up and it will go above $1300 in next few weeks and NUGT has been going up. It has had a gain of 50% in the last 4 days. We have been predicting a rally in Gold for some time and our readers were not surprised. It has gone up from $1098 to $1145 premarket today.
Natural gas has been going down to new lows. Oil has had a nice rally but looking at fundamentals it should start going down again. After some rally in Natural Gas  we will again go long on DGAZ which will go down in the rally.

If you look at the chart of SPY for the last 15 days, from the 4th step top , we had a decline to lows in 5 sub steps  to a low  4 days ago in substep i and the rally recovered 78% of the decline in substep  ii. And now we should have  decline in substep iii to new lows. We cannot rule out the fact that Sub step ii can go  higher before the decline begins.

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Update for Friday Oct 2, 2015

As expected, the markets are heading towards  new lows below Aug 24 lows. Snce Russell 2000 cannot be easily manipulated , it is making new lows. Rest of the indices will follow the same path.

Energy remains weak and Gold is finally rising  in the 3rd sub step. UVXY is also up today.

When the rest of the world markets are tanking , we cannot remain immune, no matter how much they try to manipulate the markets.

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Update for Wednesday Sept 30, 2015 Premarket

The market was down sharply in the last 3 days  and some rally is expected to relieve the oversold conditions.
Russell 2000 made a new low below August 24 lows yesterday and energy stocks continue to be weak.

It is very easy to manipulate DJI with only 30 stocks . Similarly it is easy to manipulate SPY  where manipulating just 10 top stocks can move the market. Since this is the 5th step down, not all stocks will make new lows.
At the same time, some kind of capitulation is needed to start a decent rally. We do not think this rally will last and we should have new lows soon before the decent rally. We will not short the market and in the next decline we will take profits in our short positions.
Gold continues to consolidate.

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