Published 6:05 AM PT Monday March 3, 2014
We have had SELL signals in many markets around the world. It is due to what is happening in Ukraine. In addition the markets were showing signs of losing momentum with number of new highs going down. We do not buy the idea of Third World War starting because of what is happening there.
Let us look at some foreign charts. We asked you to take profits in the strong rally which occurred on Wednesday Feb 26, 2014. We were right. You will not have to worry about the big decline which is going to happen today. In TNA which we recommend in our book,you will have made 25% in less than 4 weeks. We do not have SELL signals on US market.
Nikkei
FTSE British Market Clear SELL signal
DAX German Market giving a SELL signal
CAC French Market giving ASELL signal
RTS Russian Stock Market down more than 12% today. Today's decline not showing up in this chart.
The market had given a SELL signal in November.The currency is making a new record low today.
We have had SELL signals in many markets around the world. It is due to what is happening in Ukraine. In addition the markets were showing signs of losing momentum with number of new highs going down. We do not buy the idea of Third World War starting because of what is happening there.
Let us look at some foreign charts. We asked you to take profits in the strong rally which occurred on Wednesday Feb 26, 2014. We were right. You will not have to worry about the big decline which is going to happen today. In TNA which we recommend in our book,you will have made 25% in less than 4 weeks. We do not have SELL signals on US market.
Nikkei
DAX German Market giving a SELL signal
RTS Russian Stock Market down more than 12% today. Today's decline not showing up in this chart.
The market had given a SELL signal in November.The currency is making a new record low today.
Let us look at US market in more detail
DJI
SPY Ready to give a SELL signal But not yet
IWM Giving a SELL signal
TNA may give a SELL signal
TZA May be the time to buy today. No Buy signal yet
GLD Gold ETF has been consolidating recently. Making new highs in 4 months today
GDX Gold Miners Index After consolidating for 5 days, it is ready to go to new highs.
NUGT After consolidating for 5 days, will make new highs soon in the last 5 months
SLV Silver ETF Not going up as fast as Gold.
USLV
Posts
0 comments :
Post a Comment