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Thursday, May 29, 2014

Market Will Continue to Go Higher Near Term

May 29 Thursday  6:25 AM

Not only US markets but markets around the world continue to go higher because of easy money policies of Central Bankers.SPX and SPY and Dow Jones Transportation made new highs as predicted in our recent blogs.Yesterday's decline is over with  may be a nice rally today and tomorrow. QQQ is close to previous highs. NASDAQ and Russell 2000 have not reached previous highs. Market may go up till next week before a meaningful  decline starts . GOLD and Silver going lower still. There may be a short term rally soon in GOLD but it will be followed by further decline.

DJI
SPY
QQQ

IWM
TNA
TZA
GLD  Going Lower , short term rally coming soon
GDX Miners going lower Short term rally coming soon
DUST going higher
NUGT 3X Bull going lower still
Bond interest rates declined sharply yesterday with bonds rising nicely.
TLT

TMV 3X Bearish bond making new lows

TMF
3X Bullish bonds going higher still

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