Update For Tuesday Jan 3, 2015 Premarket

Step 3 Down started on Jan 22, 2015 . Step 3 itself will have 5 steps down: one down was completed yesterday morning . Two up was started  yesterday from lows and will  cover  at the most up to 78% of the total decline from Jan 22, 2015. to yesterday morning. After that we will have more significant decline in  3rd down which will take us below the support  provided yesterday.


Gold is ready to make new highs above recent highs. So will NUGT.

Gain in oil in the last 3 days is  another reason for yesterday's rally. Also Greece proposed that they would like to swap their current bonds with new bonds . How does it solve the problem? Sooner they separate from the Euro zone, sooner they will  go to the growth path. Till that point they will remain in depression. Spain and Italy are in depression with unemployment rate of 25% in both countries. QE in Euro zone will only benefit  Northern countries  in Euro zone with markets in Germany making new highs in terms of Euro currency.

In terms of US dollar, German market is not making new highs. See the 10 year chert of German Market in US dollars
EWG  German Market  ETF

 EWG  3 Month ETF for Germany
Only Germany can save Greece.

DJI

SPY

IWM

TNA

TLT  Long Term bonds continue to go higher. No SELL signal yet

TMF  3X bonds ETF  continues to go higher

GLD   going higher

GDX  Gold Miners going higher

NUGT  Going higher

YINN  No Buy Signal on Chinese market

YANG

RSX Rally today but will go down again

RUSS   3X bear for Russian market

RUSL  3X Bull for Russian Market After going up will go down again

UVXY  Volatility Going Up after current decline is over

SVXY