Stocks have started going up after some consolidation on Wednesday and some more today.
We are in a final up move and we do not recommend any more buying unless you are a trader. After this rally is over in a few more days, we will start a big decline. IWM and TNA are acting very well so far and TNA will soon make new highs. All stocks will not make new highs. When the rally is over, we will get into TZA which will hit new lows soon.
See some charts
DJI
SPY
IWM
TNA
Gold is acting very well today and may give a BUY signal today. It is ready to cross the 15 day moving average.
GOLD Dec Futures
GLD Gold ETF
GDX 9 Gold Miners ETF
NUGT 3X Gold Miners ETF
NUGT -7 days Let us look at NUGT chart for last 7 Days Since No Taper was announced. It completed the 4th step up and started the 5th step down. The 5th step down ended on Friday. Since Friday we have started the new leg up . Today is the start of the 3rd step Up
We are in a final up move and we do not recommend any more buying unless you are a trader. After this rally is over in a few more days, we will start a big decline. IWM and TNA are acting very well so far and TNA will soon make new highs. All stocks will not make new highs. When the rally is over, we will get into TZA which will hit new lows soon.
See some charts
DJI
GOLD Dec Futures
GDX 9 Gold Miners ETF
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