Stocks & Precious Metals may Start accelerating up after some consolidation today

Friday  Sept. 6, 2013 5:45 AM PT

As we had told you  on September 2 , the stock market will start going up. After slight consolidation yesterday and today, the market  may  start accelerating up today. Gold and Silver completed their 5  minor steps down of the 4th leg down. It is ready to start 5th leg up making either new highs or matching the  previous highs.
Let us look at yesterday's charts

DJI
It crossed the 15 Day moving Average yesterday

SPY
Croosed the 15 day moving average and ready to cross the 50 day moving average

 IWM
Crossed the 15 day moving average and  crossed  the 50 day moving average  also.

TNA ( 3X Russell 2000 ETF BULL) Already crossed 15 day moving average. Ready to cross 50 day moving average.

GDX ( Gold Miners ETF) It completed 5 steps of 4th leg down yesterday.
Will start 5th leg up today.

NUGT ( 3X Gold Miners  ETF)

BONDS
10 year  Treasury  notes had the highest interest rate equal to 2.9% yesterday which is highest in 2 years.
Interest rates may have peaked for the short term and will start declining in 5 steps now.


It is very useful to look at 6 month charts of 2 0 year plus bonds ETF TLT. It has lost 20% in the last 4 months. Wait for the rally . Then you should sell all your long term bonds. We have had the biggest bubble in the the bond market  for the last 10 years. Now we will be bursting this bubble.

What could you have done ? Sell the bond when you get the SELL signal and buy 3X Bearish Bond ETF called TTT. See the chart below. You would have made more than  50% .

PIMCO is manager of 2 Trillion dollars worth of bonds. Let us see how their $ 252 Billion dollar fund ETF  called BOND behaved in last 6 months

It has lost 8% in the last 4 months. After rally in bonds is over, the bonds will make new lows.