Market Continueing to Go Up on Summers News

 Sept 16, 2013 Monday  6:20 AM

 Markets are continuing to go up as they feel that any new Federal Reserve Chairman will be  more dovish than Summers. We had predicted as early as

Aug 28, that market was bottoming in the first leg down and that it will go back to the previous highs. It is possible that we may get new highs. Nasdaq has already made new highs and Russell 2000 will also make new highs soon as well as SPX 

Let us look at some charts as of Friday Sept 13
DJI

 SPY

 IWM

TNA

Do not buy at the opening. We may have a  slight pullback today or tomorrow.

Gold & Silver

On the heels of the blockbuster interview with London metals trader Andrew Maguire, where he told King World News he brought two JP Morgan gold and silver whistleblowers to a high profile law firm, and also to the CFTC, Gold and Silver markets both moved higher between 12 noon and 1 PM PT on Friday Sept. 13, 2013
See the chart of GLD at close on Friday at  1 PM PT

Let us look at some  Gold  mining  ETF's

GDX 3 month  Fibunachi 

 NUGT Gold Mining 3 X ETF

NUGT last 15 days  BUY NUGT today if you had not bought before

As you can see, NUGT completed 5 steps down on Sept 13, 2013 and it is ready to go up to at least the previous highs established on  Aug 27. NOTICE HEAVY BUYING BY INSIDERS AROUND THE LOWS IN LAST 3 TRADING DAYS.

SLV  SILVER ETF Notice SLV started going up on Friday after making a new low. It will most probably make a new high.

USLV    3X leveraged Bullish ETF.  BUY USLV

Interest Rates  

Interest rate charts are showing that interest rates may have stated going down on Friday.

TTT which is a 3X bearish ETF gave a SELL signal on Friday

TTT

TLT  20 +yr bond ETF  is giving a BUY signal saying that interest rates are going down on a short term basis