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Thursday, January 9, 2014

No Sell Signal yet But Market is Ready to go to Previous Highs Today or Tomorrow

SPY, DJI, Nasdaq and IWM are ready to go to previous highs before the decline starts. There is so much bullish sentiment all around us that poor earnings now will give a surprise to the market  and will start a major decline in the market. Gold and Silver are holding above their recent lows  and a rally here cannot be ruled out.
DJI
SPY
IWM  ( Russell 2000 ETF)

TNA ( Triple Bull Russell ETF)


TZA ( Triple Bearish Russell 2000 ETF) Can go to new lows before becoming a BUY
GLD

GDX ( Gold Miners Etf) Gold can go to between 1250 & 1300 before a decline happens.
NUGT  ( Gold ETF triple Bullish ETF)  No Sell signal yet
DUST  ( Triple Bear Gold ETF)  No BUY signal yet


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