If we look at 20+ Treasury Bond ETF TLT , it is sitting near the lows even though stock market has been going higher. It tells the story better than what the Fed Heads tell us that they will continue to keep rates low. These bonds made a high(when the rates were low) in early May and are sitting near the lows. 10 Year Treasuries are at 2.58% also way above 1.45% in early May.Imagine how much money all the bond holders have lost. Most bond funds are negative for 2013. This massacre will continue. It will be even worse for Municipal bonds after what happened due to Detroit bankruptcy.
Gold is in a holding pattern. It needs to go above above $1337 for the rally to continue otherwise we could start the decline below previous lows. Take a look at GLD chart. There is no sell signal yet
Nikkei continues to go lower reaching a 4 week low today with a decline of 3.32% today
Dow, SPX & NAsdaq did not give SELL signals on Friday but it is getting closer. We will know after 7 AM which way the market wants to go. Continue to sell your long positions to lock in your profits.
Dollar has started rising against other currencies today.This may be the start of a big rally on a short term basis.
Dow Jones transportation continues to go lower after the SELL signal last week.
TZA just gave a BUY signal , as both RUT & IWM gave SELL signals
Here is RUT chart giving a SELL signal
Here is IWM chart giving a SELL signal
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