Dji, SPY, IWM gave a partial Sell signal in the morning yesterday but then reversed by the end of the day and they may go above recent highs in 5th minor step up or they may start going down right here. After that we will start a major decline.
DJT and NYA both gave Sell signals yesterday and will not make new highs. Not all stocks will make new highs in the 5th minor step up.
NASDAQ went down in the 4th minor step down and now may make a new high above recent highs in the 5th minor step up.
Dollar is going up making new highs in the 5th minor step up and Euro is going down in minor 5th step down. Euro is at the lowest levels in 11 years. It is now hurting US exporters.
Gold and Silver going down again to lows established in December.
UVXY may go down in minor step 5 down and after that we will have a nice rally.
DGAZ has been going through some consolidation and the short term direction will be known after 7:30 AM PT when they announce the inventory levels . Medium term, DGAZ is going up to new highs above recent highs as the winter is coming to an end.
There were $846 Billion worth of Buy Backs in 2014 which was a record . Monthly new highs in Buy Backs were in Feb this year. The last time that happened was in 2007. And you know what happened after that. In addition the number of advisory services which are bullish right now is 80.4 % which is also record high and that is always followed by a big decline.
DJI
SPY
DJT
NYA
IWM Can go to new highs
TNA
GLD
GDX
SLV
XLE
ERX
ERY
CURE Going to new Highs
DGAZ
DJT and NYA both gave Sell signals yesterday and will not make new highs. Not all stocks will make new highs in the 5th minor step up.
NASDAQ went down in the 4th minor step down and now may make a new high above recent highs in the 5th minor step up.
Dollar is going up making new highs in the 5th minor step up and Euro is going down in minor 5th step down. Euro is at the lowest levels in 11 years. It is now hurting US exporters.
Gold and Silver going down again to lows established in December.
UVXY may go down in minor step 5 down and after that we will have a nice rally.
DGAZ has been going through some consolidation and the short term direction will be known after 7:30 AM PT when they announce the inventory levels . Medium term, DGAZ is going up to new highs above recent highs as the winter is coming to an end.
There were $846 Billion worth of Buy Backs in 2014 which was a record . Monthly new highs in Buy Backs were in Feb this year. The last time that happened was in 2007. And you know what happened after that. In addition the number of advisory services which are bullish right now is 80.4 % which is also record high and that is always followed by a big decline.
DJI
SPY
IWM Can go to new highs
NUGT
SLV
XLE
ERX
ERY
CURE Going to new Highs
UVXY Going to New Lows
DGAZ
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