Tuesday Nov 12, 2013 6:25 AM
After a weak rally yesterday on a very low volume , the markets should move down again. DJI & SPX made new highs but rest of the markets did not follow suit especially RUSSELL 2000 and Nasdaq. All the high flyers have come down since we gave a SELL signal.
DJI
SPY
IWM Russell 2000 ETF Decline should resume
TZA ( 3X Russell 2000 Bearish ETF) Rally should Resume
GLD Gold ETF With only 12% Bears in Gold, It should have some rally soon.
GDX ( Gold Miners ETF) is showing Technical strength
NUGT ( 3X Bullish ETF for Gold Miners) Showing Technical strength in last two days
If Gold goes below $1251, it is a SELL. Otherwise hold it for a rally. SEE chart for last 4 days
NUGT for 60 days
EURO VS DOLLAR After Interest rates were reduced in Euro zone, Euro weakened from 1.38 to 1.33. It has now started going up again.
After a weak rally yesterday on a very low volume , the markets should move down again. DJI & SPX made new highs but rest of the markets did not follow suit especially RUSSELL 2000 and Nasdaq. All the high flyers have come down since we gave a SELL signal.
DJI
If Gold goes below $1251, it is a SELL. Otherwise hold it for a rally. SEE chart for last 4 days
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