Friday was Option Expiration Day. Also it was a shortened week. Friday's action is difficult to characterize. Initially the market went up but then closed near the lows. But the decline was not very sharp. Up and down action of the last few days is typical of markets which are nearing the end of their up move. The strong stocks keep on going up.Russell 2000 was up for the day. Volume on Friday was higher being an Option expiring day.
SPY reached near the previous highs and Nasdaq keeps on making new highs. The number of new highs keeps on going down ---another sign that internals have started to weaken
Gold and Silver have been consolidating and ready to make a push higher .
We do not predict where the market is going. We follow the market. It tells us when to buy and when to sell as given in our book.
DJI
SPY
Nasdaq
SPY reached near the previous highs and Nasdaq keeps on making new highs. The number of new highs keeps on going down ---another sign that internals have started to weaken
Gold and Silver have been consolidating and ready to make a push higher .
We do not predict where the market is going. We follow the market. It tells us when to buy and when to sell as given in our book.
DJI
IWM Going Higher
TNA going Higher
TZA Will make New Lows
GLD going higher after consolidating for 5 days
GDX going higher
DUST Will make New Lows
SLV going higher
USLV Going higher
DSLV Going Lower
NUGT after 5 days of consolidation going higher
Posts
0 comments :
Post a Comment