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Thursday, October 8, 2015

Update For Thursday Oct 8, 2015 Premarket

The rally that we have been seeing for the last 7 days is almost over. The best way to distribute stocks by insiders is to move the market up and down . Manipulation is done usually on DJI ( only 30 stocks to manipulate)which made a a new high above Sept 17 highs yesterday. SPY, IWM , DJT, NYA, QQQ, NASDAQ did not do that. This divergence shows the weakness of the market. The energy stocks have had the largest up side move in the last 4 trading days on the back of what is happening in the Middle East.

Gold had a nice move up but it is not over yet. It is consolidating  and will resume its up ward move soon.













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