Nasdaq continues to go up. But the signs of weakness showing up in rest of the market. Housing sector has started weakening. Retail sales are weakening. Dow Jones Ttransportation is weakening.
The Bullish Sentiment is at the highest level and ratio of Bullish advisers to Bearish advisers is around 4.22 which is near record highs. So the decline can start anytime , if it has not already started.
Once indices go below 15 day moving averages, we will get a SELL signal.
4th Quarter GDP was revised down to 2,2%. It was 5% in the 3rd Quarter. We will be lucky if we get
2% in the First Quarter , 2015
Natural Gas has stated going down for the last 4 days and DGAZ - 3x inverse ETF for Natural Gas -went up 18% yesterday . After some consolidation, it will exceed recent highs as the cold weather is almost over.
Once the market starts going down, UVXY will start going up to possible new highs. Oil gave a SELL signal yesterday but it will keep on going up and down. It will eventually go below $40 per barrel.
Gold mining stocks have started going up but we do not have a BUY signal yet.
DJI
SPY
IWM NO SELL signal yet
TNA
XLE Energy ETF gave a SELL signal yesterday
ERX 3x Energy Bull ETF Gave a SELL signal yesterday
GDX
DGAZ going Up To New Highs
TLT
TMF
The Bullish Sentiment is at the highest level and ratio of Bullish advisers to Bearish advisers is around 4.22 which is near record highs. So the decline can start anytime , if it has not already started.
Once indices go below 15 day moving averages, we will get a SELL signal.
4th Quarter GDP was revised down to 2,2%. It was 5% in the 3rd Quarter. We will be lucky if we get
2% in the First Quarter , 2015
Natural Gas has stated going down for the last 4 days and DGAZ - 3x inverse ETF for Natural Gas -went up 18% yesterday . After some consolidation, it will exceed recent highs as the cold weather is almost over.
Once the market starts going down, UVXY will start going up to possible new highs. Oil gave a SELL signal yesterday but it will keep on going up and down. It will eventually go below $40 per barrel.
Gold mining stocks have started going up but we do not have a BUY signal yet.
DJI
SPY
IWM NO SELL signal yet
TNA
ERX 3x Energy Bull ETF Gave a SELL signal yesterday
DGAZ going Up To New Highs
UVXY
TLT
TMF
Posts
0 comments :
Post a Comment