Insiders continue to manipulate the market up and down to distribute the stocks to dumb non professional investors. Internals remain weak which is the clear sign of the market having trouble moving up.Yesterday DJI was up as much as 150 points but then closed near the lows. Once the market goes below this week's lows, the decline will pick up momentum.
Interest rates on 10 year bonds have gone up sharply in USa and in European markets.
Gold and Silver may be headed lower again as last attempt to move up failed in the last two days. So we recommend to go short on Gold and Silver. Oil also gave a SELL signal yesterday. Of course energy stocks gave SELL signal sometime back and they will continue to go lower. UVXY will go up if the market declines now. No Buy signal till it crosses 15 day moving average.
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Interest rates on 10 year bonds have gone up sharply in USa and in European markets.
Gold and Silver may be headed lower again as last attempt to move up failed in the last two days. So we recommend to go short on Gold and Silver. Oil also gave a SELL signal yesterday. Of course energy stocks gave SELL signal sometime back and they will continue to go lower. UVXY will go up if the market declines now. No Buy signal till it crosses 15 day moving average.
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