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Tuesday, May 13, 2014

Rally Can Continue Short Term


May 13, 2014   Tuesday
DJI and SPY and Dow Jones transportation made new highs yesterday.  Rally which started Wednesday is continuing and spreading. QQQ and IWM also gave Buy signals yesterday. This requires caution as these may be just one day affair. Thus rotation can occur where many stocks can participate. We do not have SELL signal yet . So stay away from short positions. Gold also had a short term rally but Gold will start going down again.

DJI
SPY
IWM

TZA
TNA
QQQ
GOOG gave a Buy Signal
 GDX

NUGT continues to go down

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