Update For Friday May 28 Premarket

After 3 days of declines, we had a relief rally. No matter what the market does today we are in final stages of this rally. We should soon have a big decline  taking the market back to October lows.

We cannot rule out one more attempt to  new highs by DJI & SPY.

Energy stocks will continue to new lows. Gold and Silver may move up from here after a week of consolidation

Yen made a new low against the dollar and Euro has been going down because of concern about Greece
SPY

DJI

DJT

IWM

TNA

ERX

ERY

VIX

UVXY

DGAZ

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Update For Tuesday May 26, 2015 Premarket

As we had told you in our premarket post on May 21 , The market has started its decline as  the momentum for going up has gone. The volume on Friday was at the lowest level.

Whereas DJI & SPY were busy making new highs, DJT made a 6 month new low. Same thing happened in 2000 and 2007. So we will sty away from long positions and get into short positions. Russell 2000 and IWM have started going down again. Volatility UVXY will also go up as the market goes down.

Natural Gas has started going down again. Gold and silver are also consolidating in a small 4th step down which will be followed by a small 5th step up. However, if Gold goes below $1181, this may be the end of the rally. So be very careful here.

Energy stock should resume going down again and Dollar has completed its 4th step down and will go up to new highs in 5th step up which itself will be divided in 5 steps up.


SPY

 DJI

 DJT

 IWM

 NYA

 TNA

 UNG

 DGAZ

 ERX

 ERY

 VIX

 UVXY

 GLD

 GDX

 NUGT

 SLV

 USLV

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Update Thursday, May 21, 2015 Premarket

The market has been sitting near the highs giving more opportunity to insiders to sell near the top.
Dow Jones transportation made a six month low yesterday. How can DJI & SPY go up under this scenario.
Gold and Silver have been going down in the 4th small step and will now rise in the 5th step upward.

Oil stocks have been going down for the last 10 days and they  and Russell 2000 stocks may lead the march downhill.

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Update For Tuesday May 19, 2015

DJI  & SPY made new highs and will make new highs again today. when the decline starts it will large.
DJT & Russell 2000 and  NASDAQ did not make new highs. In a way it is violation of DOW theory Buy signal. We cannot tell when the decline will start but we had much less momentum than we had on Friday.

Gold is consolidating but Silver keeps on moving up strongly. Gold will follow up soon. Oil stocks have started going down as expected as the oil glut continues
SPY

 DJI

 DJT

 Comp

 IWM

 ERX

 GLD

 NUGT

 SLV

 USLV

 DGAZ

 UVXY

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