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Thursday, May 7, 2015

Update For Thursday May 7, 2015 Premarket

As we have been warning you about the decline, it is in full swing as we are in the 3rd step down and we have a long way to go down.
Gold is holding up and so is silver. Unless both Gold and Silver go down together, the rally in Gold stocks should continue. We have had some weakness in Gold mining stocks.
Chinese and Indian markets peaked out recently after completing the 5th leg up. Similarly German , French and British bond and stock markets gave sell signals
Similarly Energy stocks XLE has given a SELL signal . UVXY gave a BUY signal yesterday.

SPY

DJI
DJT
TNA
IWM
UVXY
GLD
GDX
NUGT
DUST
SLV  is holding
USLV
XLE   Energy ging down
ERX
ERY
QQQ
YINN
YANG   buy sugnal

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