After going down in Step 1 , the market has been going up in step 2 on low volume. SPY and IWM and TNA have crossed 15 day moving averages and may be giving false buy signal . Other technical indicators are neutral. We are adopting a neutral strategy at this time. We feel the next major step is down.
At about 11:30 AM PT , IWM and TNA went below the 15 day moving line and the market is clearly a SELL now for TNA and BUY for TZA.
Gold and Silver continue to move lower but some kind of rally is imminent as Gold stocks are oversold. Dollar is overbought and may be ready to go down .
Natural Gas has an ETF called GAZ. 3X bull ETF on that is UGAZ and 3 X bear ETF is DGAZ.
Today Sept 15 it is giving a Buy signal for UGAZ . See updated charts at the bottom.
DJI
SPY
IWM
TNA
TZA
GLD keeps on making new lows.
NUGT making new lows but appears to be oversold
DUST
The following charts were updated on Sept 15, 2014 Premarket
GAZ
UGAZ Ready to give a BUY signal
DGAZ Has given a SELL signal
At about 11:30 AM PT , IWM and TNA went below the 15 day moving line and the market is clearly a SELL now for TNA and BUY for TZA.
Gold and Silver continue to move lower but some kind of rally is imminent as Gold stocks are oversold. Dollar is overbought and may be ready to go down .
Natural Gas has an ETF called GAZ. 3X bull ETF on that is UGAZ and 3 X bear ETF is DGAZ.
Today Sept 15 it is giving a Buy signal for UGAZ . See updated charts at the bottom.
DJI
GAZ
DGAZ Has given a SELL signal
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