As predicted we had a nice rally yesterday. The rally is not over yet. After any decline today, we will have a rally which should move most averages to higher highs than we got yesterday. All stocks will not participate in this rally.
Oil keeps on going lower as we have been predicting for some time. There is so much production in USA and abroad, we will have no storage tanks left to fill pretty soon. It hit a new 6 week low today.
Even though oil went down yesterday, ERX went up because of manipulation of the market by insiders.
Gold and Silver also are weak and unless they cross above 15 day moving averages, please stay away from them.
Volatility ETF UVXY will initially be up today, as market goes down but soon it can go to new lows.
SPY went down in 5 steps down starting on March 2.The first leg down (1) was completed on March 11 and now we are going up in Leg (2). After that we will have a much sharper leg (3) down which will make new lows for this year.It will also go down in 5 steps
Natural Gas is also going lower after any rally today. Thus DGAZ will go up after any decline today .
SPY Start with a decline and then a rally, which can end as early as tomorrow or latest by Friday
SPY in last 10 days
DJI Start with a decline and then a rally to higher highs than yesterday
NASDAQ Can go to recent highs or even slightly higher and then a sharp decline in 5 steps down
IWM
TNA
ERX 3X Energy Stocks Bull Will continue to go lower
XLE Energy ETF
UVXY After a rally today should go to new lows
SVXY 1X Bear Volatility Will go lower this morning and then go higher
DGAZ 3X Natural Gas Bear Going Lower and then higher by Thursday
UGAZ 3x Natural Gas Bull going lower
SLV Silver ETF Going Lower
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