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Friday, February 27, 2015

Update For Friday Feb 27, 2015 Premarket

Nasdaq continues to go up. But the signs of weakness showing up in rest of the market. Housing sector has started weakening. Retail sales are weakening. Dow Jones Ttransportation is weakening.

The  Bullish     Sentiment is  at the highest level and ratio of Bullish advisers to Bearish  advisers is around 4.22 which is near record highs. So the decline can start anytime , if it has not already started.

Once  indices go below 15 day moving averages, we will get a SELL signal.

4th Quarter GDP  was revised down to 2,2%. It was 5% in the 3rd Quarter. We will be lucky if we get
2% in the First Quarter , 2015

Natural Gas has stated going down for the last 4 days and DGAZ - 3x inverse ETF for Natural Gas -went up 18% yesterday . After some consolidation, it will exceed recent highs as the cold weather is almost over.

Once the market starts going down, UVXY will start going up to possible new highs. Oil gave a SELL signal yesterday but it will keep on going up and down. It will eventually go below $40 per barrel.


Gold mining stocks have started going up but we do not have a BUY signal yet.


DJI


SPY


IWM  NO SELL signal yet

TNA

XLE  Energy ETF  gave a SELL signal yesterday


ERX   3x  Energy Bull ETF    Gave a SELL signal  yesterday


GDX




DGAZ    going Up To New Highs

UVXY




TLT




TMF

Tuesday, February 24, 2015

Update on Tuesday Feb 24, 2015 Premarket

The market has continued to go up specially NASDAQ based upon Apple alone and may be 9 other top stocks. The volume yesterday was the lowest for 2015.
DJI and SPY and Russell 2000  have not gone  much above the highs made in December even though they all made new highs on low volume.

Euro zone accepted extension of debt to Greece  for 4 months. Nothing got changed. The just kicked the can  down stream

Ukraine currency  is going down again to new lows. How long they will last? Nobody is coming to their help and Russian forces continue to move ignoring the Ceasefire.

Gold & Silver have been going down recently but there is a possibility that they may start going up again but we are not sure as they both are trading below 15 day moving averages.

Oil has been going down again and ready to give SELL signal again. Natural Gas has been going up because of an unexpected cold spell. This spell will be gone  soon and then natural gas will go to new lows.

Russian market has started going down again.



DJI    May have completed its rally or very close to doing so. NO SELL signal yet


 SPY    Going up because of Apple



We are printing here two charts from www.KingWorldNews.com. The economy is not as good as the Federal Reserve makes us believe with the median household continuing to decline.




NASDAQ is going up in an extension of the 3rd wave up. It should now be followed by 4th step down and then followed by 5th step up. It also going up because of big move in Apple


IWM
TNA
GLD

GDX  It can go up again if it crosses the 15 day moving average
NUGT
UVXY  2 X volatility  has not made new lows even though the market has made new highs.
It shows that UVXY will rise again

 VIX  has not made new lows in 2015
UNG  Natural gas going up  short term and then will go down to new lows
 DGAZ going dow short term but will go to new highs soon
 TLT is ready to go up again



XLE will go down again to new lows

XRE is going down again


Friday, February 20, 2015

Update For Friday Feb 20, 2015

The market is moving up and down to distribute shares to retail investors near stock market highs. Volume is low and advance decline ratio is negative. Longer this distribution lasts, the worse the decline will be when it starts. We have no new SELL signal yet  but it is coming closer by the day.

SPY

DJI
IWM

TNA
GDX

GLD

NUGT

XLE
ERX

UVXY  Getting Ready to go up again.
DGAZ  Going Lower

Wednesday, February 18, 2015

Update For Wednesday Feb 18, 2015 Premarket

SPY, NASDAQ and RUSSELL 2000 made new highs but DJI, NYA and DJT did not make new highs. Most of the stocks are not making new highs.  Oil stocks have not made new lows yet.
This market is fractured and manipulated  by central bankers.

The truce in Ukraine is not working and  there are indications that Greece's debt will be extended for 6 more months. But it will not solve growth problems in Greece and other Euro currency countries.

DJI

SPY
IWM


TNA

UVXY  did not make a new low 

DGAZ  going higher to previous highs as the winter weather coming to an end

GLD  gave a Sell signal  but a new rally cannot be ruled out
GDX
NUGT  Giving a SELL signal  as Gold is being manipulated

Friday, February 13, 2015

Update Friday Feb 13, 2015 Premarket

Oil prices are continuing to go up and so are Oil related stocks. Top 10  stocks which have a high weighting  in  S& P 500 as will as in NASDAQ like APPLE, Microsoft and CSCO have moved up so much in the last two weeks that we have made new highs in NASDAQ and ready to make new highs in SPY and DJI.  Russell 2000, NYA and DJTransportation  have  not made new highs and are not close to  making new highs. Volatility still remains high and can go back up on any news related event. Market internals remain weak and the markets can reverse any time.

Agreement  for ceasefire in Ukraine is so weak that it will not be implemented by the signing parties. Russia did not even sign this agreement.

There is no agreement  on Greece and interest rates on Greece debt are so high that  it shows that agreement probability remains low. Their debt will be extended but it really does not solve the real problem of growth in Greece. Germany needs Greece more than Greece needs Germany. With Greece remaining in Euro zone, Euro remains weak against other currencies thus giving Germany's exporters great advantage over other countries. Currency war is continuing with every country trying to devalue their currency . Short term dollar has peaked but it will go up again.

Natural Gas has been going down and we  rebalanced our Natural Gas position two days ago as the weather will be warming in the next 10 days.Our Natural Gas Motif is making new highs,

Gold has completed its 4th sub step down and it is ready to go up above recent highs in sub step 5.

DJI
SPY
DJ Transportation
IWM
TNA  Gave a buy signal 8 days ago
UVXY
SVXY
GLD
GDX  going higher
NUGT




XLE
ERX
ERY
DGAZ
UGAZ

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