Jan 15, 2014 at 6:30 AM
After going down sharply on Monday, the markets rebounded just as fast yesterday. There is so much bullishness by advisers and the public, that we may be close to the peak rather than near the start of a big rally now. Let the charts lead us.
Dji
SPY
QQQ Even though Nasdaq made a new high yesterday, QQQ did not make a new high which is bearish
IWM
TNA after a sharp decline Monday, came right back yesterday.
TZA Heavy buying near the lows
GLD No Sell signal yet
GDX
NUGT No SELL signal yet
After going down sharply on Monday, the markets rebounded just as fast yesterday. There is so much bullishness by advisers and the public, that we may be close to the peak rather than near the start of a big rally now. Let the charts lead us.
Dji
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