DJI and SPX both made new Highs during the morning of Dec Dec 26 and Dec 24 but sold off in the afternoon. This up and Down movement is typical of distribution of stocks by insiders at the highs rather than beginning of some new rally. For the first time Russell 2000 also made a new high. We do not have a SELL signal so far in all these indices. NYA has not made a new high so far and similarly DJtransportation also remains below recent highs. If this discrepency is not removed in the coming week, it may signal that the peak is nearby. UVXY which is 3X volatility went up on Friday even though the market was up for the day.
Natural gas may go up because of coming cold weather.
European stocks have not made new highs. Greek stocks went down 8%. Japan and Russia remain in trouble. So we do not see how this rally can continue into the new year.
We expect that in 2015 , a 10% to 20% correction will come soon.
DJI
SPY
IWM Made new high on Friday
TNA
GLD
GDX No Buy Signal yet in gold Miners
NUGT We will see new lows
DUST
XLE
ERX Going Lower
ERY
RUSS #X Russian Bear. It is going up for two reasons. Russian currency will continue to weaken and
Oil will remain weak . May go as low as $40 a barrel.
Since RUSS is in Dollars and not in Rubles, effect on RUSS is magnified. There fore we are long RUSS in our Motif for Russia.
RUSL Going Lower
Natural gas may go up because of coming cold weather.
European stocks have not made new highs. Greek stocks went down 8%. Japan and Russia remain in trouble. So we do not see how this rally can continue into the new year.
We expect that in 2015 , a 10% to 20% correction will come soon.
DJI
XLE
ERX Going Lower
ERY
RUSS #X Russian Bear. It is going up for two reasons. Russian currency will continue to weaken and
Oil will remain weak . May go as low as $40 a barrel.
Since RUSS is in Dollars and not in Rubles, effect on RUSS is magnified. There fore we are long RUSS in our Motif for Russia.
RUSL Going Lower
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