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Tuesday, April 7, 2015

Update for Tuesday April 7, 2015 Premarket

There has been a counter trend rally in the last two days. This rally will end soon as the Dow Jones Transportation made a 6 month low yesterday. Thus it is split market and thus is a weak market and downtrend should resume soon. Gold and Silver have been going up nicely and they should make new highs above January highs.
Oil hs been going up on Geo Political concerns . Volatility has been going down and will go up only when market starts going down again.
Natural gas should make new lows soon


DJI

 $DJT
 NYA
 IWM Can go to recent highs
 TNA  Going to Recent Highs
 XLE
 ERX
 GLD Going Higher
 GDX  Going Higher
 NUGT  Going Higher
 SLV  going Higher
 USLV Going Higher
 DGAZ
 UVXY  Going lower

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