Wednesday Oct 2, 2013 6 AM PT
The two opposing parties continue to blame each other for the US Government Shutdown. It is not a catastrophe. Sooner or later they will find a solution. This will result in a jump in various market indices. That will be the day to sell TNA at the top of the rally. TNA and IWM made new highs yesterday and will still go to new highs till the agreement is announced with some consolidation in between. We recommended TNA on Sept 2 and since then we have had 25% gain in TNA & it is not over yet. Most mutual funds cannot even get 10% in a whole year.
DJI
SPY
IWM
TNA
Gold
Gold and related stocks may have completed the five steps down yesterday from highs established a month ago . So it appears we may be nearing a BUY signal for another rally to finish the LEG 5 up to, may be, new highs. Let us look at Gold & Silver charts
Gold Dec Futures To give a buy signal, they have to go up above $1325
GLD
SILVER Futures . Above $22, it also will give a BUY signal
SLV Silver ETF If you look at the last candle on SLV, it was positive for yesterday even though it mad a new low.
GDX & NUGT will follow as Gold moves higher. USLV will move higher as Silver moves up.
The two opposing parties continue to blame each other for the US Government Shutdown. It is not a catastrophe. Sooner or later they will find a solution. This will result in a jump in various market indices. That will be the day to sell TNA at the top of the rally. TNA and IWM made new highs yesterday and will still go to new highs till the agreement is announced with some consolidation in between. We recommended TNA on Sept 2 and since then we have had 25% gain in TNA & it is not over yet. Most mutual funds cannot even get 10% in a whole year.
DJI
TNA
Gold and related stocks may have completed the five steps down yesterday from highs established a month ago . So it appears we may be nearing a BUY signal for another rally to finish the LEG 5 up to, may be, new highs. Let us look at Gold & Silver charts
Gold Dec Futures To give a buy signal, they have to go up above $1325
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