Dec 26, Thursday 6:30 AM Pacific Time
Late December rally is continuing. We are not getting any SELL signals on any of the indices. In fact Gold Miners and Gold ETFs ; GDX & NUGT are giving BUY signals today. Be cautious here. Traders can BUY Gold related ETFs but not at the opening but later on the day. If you followed our criteria as given in our book , you will be long since last Wednesday Dec 18 for Year end rally and which may continue into the New Year. We will continue to remain long till the market itself gives a SELL signal.
DJI
SPY
COMP Nasdaq
Late December rally is continuing. We are not getting any SELL signals on any of the indices. In fact Gold Miners and Gold ETFs ; GDX & NUGT are giving BUY signals today. Be cautious here. Traders can BUY Gold related ETFs but not at the opening but later on the day. If you followed our criteria as given in our book , you will be long since last Wednesday Dec 18 for Year end rally and which may continue into the New Year. We will continue to remain long till the market itself gives a SELL signal.
DJI
COMP Nasdaq
QQQ
IWM Making New Highs
TNA
TZA Making New Lows. We asked you to sell it on Tuesday Dec 17
GLD Gold ETF No Buy Signal
GDX Gold Miners ETF Gave a Buy signal on Tuesday
NUGT Triple Bull Gold Miners ETF Giving a BUY signal
If you look at weekly chart of Gold it appears to be giving a Double Bottom sign
See the following chart taken from www.graceland-updates.com in Kitco
It gives a clear double bottom using Commodity type rules.
After the open today, SLV Silver ETF & USLV are both giving buy signals.
SLV
USLV
After the open today, SLV Silver ETF & USLV are both giving buy signals.
SLV
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