Wednesday Feb 26 , 2014 6:30 AM PT
We do not have a SELL signal yet, but since Feb. 5 we have had strong rallies as SPY, Nasdaq and even Russell 2000 reached close to previous highs or exceeded them. It is time to take profits. So sell into the rally today taking profits. Do not Sell short yet. Even though Gold is down this morning to yesterday's lows, it can go higher till it goes below $1300.
DJI Has been the weakest Index this month. So is DJT index. This divergence between the strong indices and DJI also confirms the weakness. Markets will soon give SHORT SELL signal.
We do not have a SELL signal yet, but since Feb. 5 we have had strong rallies as SPY, Nasdaq and even Russell 2000 reached close to previous highs or exceeded them. It is time to take profits. So sell into the rally today taking profits. Do not Sell short yet. Even though Gold is down this morning to yesterday's lows, it can go higher till it goes below $1300.
DJI Has been the weakest Index this month. So is DJT index. This divergence between the strong indices and DJI also confirms the weakness. Markets will soon give SHORT SELL signal.
SPY made new highs . No Sell signal yet.
IWM Reached near previous highs.
IWM for the year. It can go to the previous trendline
TNA Can go a little higher making new highs
TZA Making new lows today (& yesterday) Get Ready to BUY Soon
GLD Is weak But No Sell Signal
GDX Gold ETF Can go higher
GDX for 3 months
NUGT No Sell signal yet
SLV Consolidating
USLV Consolidating . No Sell signal
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