DJI, SPX, RUT, Nasdaq did not go above the highs made on May 22 today May 29.
The market may be ready for a big decline. It will be further confirmed as all these indices go below their 15 Day Moving Averages.
If new highs are made in all of these indices, the decline will be postponed ...
Tuesday, May 28, 2013
Wednesday, May 22, 2013
Market may have Peaked Today
All asset classes are moving lower that includes bonds, Gold, Silver and many commodities. IWM and RUT are ready to move below 15 day moving averages which means the need for selling TNA and buying TZA. We have been warning about this decline for a few days. This decline has not been confirmed by DJI and SPX. Till that...
Tuesday, May 14, 2013
No Sell Signal yet But it may Happen Soon
- 14
- May
No Sell Signal yet But it may Happen Soon
No major index has yet moved below its 15 day moving average. This does not mean that we should go long here.
Instead you should take profits specially in leveraged positions.
...
Friday, May 10, 2013
Dollar Strengthening Against All Currencies. Gold short term Rally Over
- 10
- May
Dollar Strengthening Against All Currencies. Gold short term Rally Over
Dollar went above 10150 yen to a dollar and also strengthened against Euro and British pounds.
Not a good sign for US Exporters.
The overall market has not yet given a SELL signal
Gold and Silver ended...
Friday, May 3, 2013
Go Long Signal given yesterday
- 03
- May
Go Long Signal given yesterday
The rally may be short lived and we may get whipsawed here but prudent thing to do is to cover your shorts. We are talking about TZA. It should have been sold yesterday with a small loss if...
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