Update Premarket Friday Sept 26, 2014
As predicted on Wednesday Sept 24 Premarket , a sharp rally on Wednesday was followed by start of ferocious decline yesterday. Any rally today will be followed by continuation of the decline. The maximum percentage decline occurred yesterday in QQQ and Nasdaq and Spy followed by Russell 2000, IWM and TNA.
Gold and Silver are consolidating because of extreme bearish sentiment. Any rallies now will also be followed by further declines. We have also reached an extreme bullish sentiment in Dollar Index. A reverse can occur anytime. Dollar has been strong against Euro and Japanese Yen. This will also reverse soon . Long term bonds continue to go higher as people get out of stocks and are getting into bonds. Bonds can go to recent highs.
DJI
SPY
QQQ TQQQ the 3X ETF had the biggest decline yesterday and SQQQ 3X inverse had the largest gain yesterday.
NASDAQ
IWM Went below August lows . Will now go below May lows
TNA Will go below May Lows
TZA
GLD No buy signal yet
GDX
NUGT
DUST
TLT Long Term Bonds going Higher
TMV 3X Bear going lower
TMF 3X Bull Going Higher
As predicted on Wednesday Sept 24 Premarket , a sharp rally on Wednesday was followed by start of ferocious decline yesterday. Any rally today will be followed by continuation of the decline. The maximum percentage decline occurred yesterday in QQQ and Nasdaq and Spy followed by Russell 2000, IWM and TNA.
Gold and Silver are consolidating because of extreme bearish sentiment. Any rallies now will also be followed by further declines. We have also reached an extreme bullish sentiment in Dollar Index. A reverse can occur anytime. Dollar has been strong against Euro and Japanese Yen. This will also reverse soon . Long term bonds continue to go higher as people get out of stocks and are getting into bonds. Bonds can go to recent highs.
DJI
NUGT
Posts
0 comments :
Post a Comment