Jan 2, 2014 Thursday
The market may rest after a record breaking rally till Dec 31, 2013. We have no SELL signal yet. People with leveraged positions may take profits with the idea of getting back in again. Gold and Silver Miners after retesting previous lows Friday just as Gold & Silver did are rallying today.
DJI
SPY
IWM
TNA
TZA Do Not Buy Yet
GLD ( includes today's Premarket Rally) giving a BUY signal
GDX Gold Miners Gave a Buy Signal on 29th December
NUGT Buy signal on 29th December . Retested lows again on 31st Dec
SLV gave a Buy signal on 29th Dec followed by retesting lows on 31st Dec
USLV gave a BUy signal ytoday. Do not buy at the open
Gold is moving up today in spite of the fact that Dollar Index is going up. All those people who look at the fundamentals only cannot give the explanation of the rally in GOLD
The following chart is taken from www.KingWorldNews.com The chart tells the whole story. It is a 33 Year Chart.
The market may rest after a record breaking rally till Dec 31, 2013. We have no SELL signal yet. People with leveraged positions may take profits with the idea of getting back in again. Gold and Silver Miners after retesting previous lows Friday just as Gold & Silver did are rallying today.
DJI
GLD ( includes today's Premarket Rally) giving a BUY signal
NUGT Buy signal on 29th December . Retested lows again on 31st Dec
USLV gave a BUy signal ytoday. Do not buy at the open
The following chart is taken from www.KingWorldNews.com The chart tells the whole story. It is a 33 Year Chart.
Posts
0 comments :
Post a Comment