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Thursday, February 20, 2014

Update for Feb 20, 2014 Thursday

The market had a first big decline in many days. Our Technical indicators do not show any SELL signals. We had first distribution day  in Feb 2014. There will be several up and down days so that the insiders  and Big Money can distribute shares to retail buyers. Gold  has a lot of support at $1300. Here again we do not have a Sell signal. The market was overbought and can rise again so long as it stays above $1300. Let us look at the charts.
DJI
SPY
IWM
GLD
GDX
NUGT
DUST  No Buy signal yet
SLV
USLV
DSLV No buy signal yet

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