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Wednesday, April 22, 2015

Update For Wednesday April 22,2015 Premarket

The markets filled up the gap left on Friday as we had written in our last post. The decline resumed yesterday morning without the market making new highs. A bigger decline can happen now or after reaching a new high which will be extension of this rally

Gold and Silver have been consolidating for sometime and should rally now . US dollar   is ready to go down again against many currencies. Volatility UVXY  started the rise yesterday after the decline in the market started. This will rise only after the rally is over
SPY
 DJI



ERX
 IWM  Going lower as Russell 2000 goes lower
 TNA  Going lower

 TZA  Going higher
 XLE  Ready to go lower
 DGAZ
 GLD Going higher as gold rises
 GDX
 NUGT  Ready to go higher
DUST  Going Lower

 ERX  Going Lower
 ERY going higher
 UVXY  Going Higher
 SVXY   Going lower as the market declines

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