We pointed out in our last post that the 3rd step of the First leg down had not been completed till last Friday. Yesterday we may have completed the 3rd step down and a short 4th step up followed by a new 5th step low. In some cases the 5th step down may not have been completed but we are very close.
Today Federal reserve meeting results will be announced and no matter what they say we have a Pre Christmas rally in Leg two up coming and it may be a nice rally . Some of the stocks may go back to recent highs or may even make new highs. This reminds me of Health related stocks specially triple Health related ETF CURE which we use in our Bull and Bear Motif. Similarly airline stocks may make new highs. Do not expect big rallies in stocks which have big losses. In energy stocks and in small caps and Gold mining shares people will keep on selling till the end of this year. So please do not buy these stocks no matter how much down they are.
Gold stocks will have nice rallies in 2015 as we expect big up moves in Gold and silver. We are not sure about energy stocks as deflation worldwide can bring these stocks even lower.
DJI
SPY
Today Federal reserve meeting results will be announced and no matter what they say we have a Pre Christmas rally in Leg two up coming and it may be a nice rally . Some of the stocks may go back to recent highs or may even make new highs. This reminds me of Health related stocks specially triple Health related ETF CURE which we use in our Bull and Bear Motif. Similarly airline stocks may make new highs. Do not expect big rallies in stocks which have big losses. In energy stocks and in small caps and Gold mining shares people will keep on selling till the end of this year. So please do not buy these stocks no matter how much down they are.
Gold stocks will have nice rallies in 2015 as we expect big up moves in Gold and silver. We are not sure about energy stocks as deflation worldwide can bring these stocks even lower.
DJI
SPY
SPY last ten days
IWM
TLT Getting out of Stocks & getting into bonds. Interest rates keep on going down
TMF
GLD gave a SELL signal on Monday
SLV gave a Sell signal on Monday
GDX keeps on going down
NUGT keeps on going Down & DUST keeps on going up
UVXY Going up but on any rally it will go down sharply
SVXY
keeps on going down but on any rally it will go up sharply
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