Draghi announced that he will print more money to make sure that Europe does not fall into a deflationary spiral. It only helps to devalue the Euro currency further. It will move their stock markets higher in terms of Euros but not in terms of Dollars. ECB has started buying Asset backed securities.
China also reduced its interest rates to devalue their currency against the Japanese Yen as sharp decline in Yen was affecting China's exports.
All commodities have gone up overnight because of these unprecedented moves by both Draghi and China. Currency wars do not benefit anybody. This rally in US equities will further stretch the US equity markets temporarily.
DJI No SELL signal yet
SPY No Sell signal yet
IWM Going back to recent highs or slightly exceed those highs
TNA Going back to recent highs
China also reduced its interest rates to devalue their currency against the Japanese Yen as sharp decline in Yen was affecting China's exports.
All commodities have gone up overnight because of these unprecedented moves by both Draghi and China. Currency wars do not benefit anybody. This rally in US equities will further stretch the US equity markets temporarily.
DJI No SELL signal yet
TZA Going back to recent lows or make new lows
ERX
ERY
GLD Continues to go higher
GDX
NUGT Continues to go higher
DUST Going Lower
UGAZ Going lower but no Sell Signal
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