Oil prices are continuing to go up and so are Oil related stocks. Top 10 stocks which have a high weighting in S& P 500 as will as in NASDAQ like APPLE, Microsoft and CSCO have moved up so much in the last two weeks that we have made new highs in NASDAQ and ready to make new highs in SPY and DJI. Russell 2000, NYA and DJTransportation have not made new highs and are not close to making new highs. Volatility still remains high and can go back up on any news related event. Market internals remain weak and the markets can reverse any time.
Agreement for ceasefire in Ukraine is so weak that it will not be implemented by the signing parties. Russia did not even sign this agreement.
There is no agreement on Greece and interest rates on Greece debt are so high that it shows that agreement probability remains low. Their debt will be extended but it really does not solve the real problem of growth in Greece. Germany needs Greece more than Greece needs Germany. With Greece remaining in Euro zone, Euro remains weak against other currencies thus giving Germany's exporters great advantage over other countries. Currency war is continuing with every country trying to devalue their currency . Short term dollar has peaked but it will go up again.
Natural Gas has been going down and we rebalanced our Natural Gas position two days ago as the weather will be warming in the next 10 days.Our Natural Gas Motif is making new highs,
Gold has completed its 4th sub step down and it is ready to go up above recent highs in sub step 5.
DJI
SPY
DJ Transportation
IWM
TNA Gave a buy signal 8 days ago
UVXY
SVXY
GLD
GDX going higher
NUGT
Agreement for ceasefire in Ukraine is so weak that it will not be implemented by the signing parties. Russia did not even sign this agreement.
There is no agreement on Greece and interest rates on Greece debt are so high that it shows that agreement probability remains low. Their debt will be extended but it really does not solve the real problem of growth in Greece. Germany needs Greece more than Greece needs Germany. With Greece remaining in Euro zone, Euro remains weak against other currencies thus giving Germany's exporters great advantage over other countries. Currency war is continuing with every country trying to devalue their currency . Short term dollar has peaked but it will go up again.
Natural Gas has been going down and we rebalanced our Natural Gas position two days ago as the weather will be warming in the next 10 days.Our Natural Gas Motif is making new highs,
Gold has completed its 4th sub step down and it is ready to go up above recent highs in sub step 5.
DJI
XLE
ERX
ERY
DGAZ
UGAZ
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