We have had a counter trend rally for the last 11 trading days and the a up, b down and c up may be almost over or nearly so last Friday . The advisers and Mutual funds are so bullish , it is reaching early 2000 levels and you know what happened then. Dow Jones Transportation is sitting near lows.
Reduction in volume everyday for the last 3 days tells us that this rally is on its last legs. VIX is also near lows and UVXY is at the lowest level ever which shows the markets may be starting a big decline soon.
Gold is still consolidating. As we had predicted Natural Gas has been making new lows. At this point we should take profits. We have had a gain of 185% in last 6 months.
It is height of lunacy when German 10 year bonds are giving negative interest rates today. That is why Euro is trading near lows again. This is nothing but manipulation by Euro zone to beat US competition
in International Markets. We will soon see the results in bad earnings in First Quarter
SPY
DJI
DJ T
IWM
TNA
GLD
GDX
NUGT
SLV
USLV
XLE
ERX
ERY
DGAZ
UVXY
Reduction in volume everyday for the last 3 days tells us that this rally is on its last legs. VIX is also near lows and UVXY is at the lowest level ever which shows the markets may be starting a big decline soon.
Gold is still consolidating. As we had predicted Natural Gas has been making new lows. At this point we should take profits. We have had a gain of 185% in last 6 months.
It is height of lunacy when German 10 year bonds are giving negative interest rates today. That is why Euro is trading near lows again. This is nothing but manipulation by Euro zone to beat US competition
in International Markets. We will soon see the results in bad earnings in First Quarter
SPY
IWM
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