The market is neither going up nor going down. Volume has been going down. NASDAQ and Russell
continue to make new highs while SPY and DJI indicate distribution to weak hands.
US markets may be ready to move down again after low volume rallies in the last two days.
Gold and Silver appear to be going down with retest of lows.Corporations are spending money on Buy Backs rather than investing in new plants and equipment.This is being done to benefit the insiders so that they can sell their options near the highs. First Quarter GDP was revised up to down 0,2 from down 0.7 previously. Any housing strength recently will be short lived as housing goes down when interest rates go up. Dollar completed its 4th step down on Monday and had a sharp move up yesterday.
After some consolidation Dollar will continue to go up now till it makes a new high in 5th step up.
Only after that it will start going down again.
No agreement between Greece and Euro zone . Only way it is possible if Eurozone makes concessions. And that is possible if Germany sweetens the pot again to kick the can further down into the future.
SPY
DJI
IWM
TNA may be ready to go down but there is no SELL signal
GLD continues to go lower
NUGT Will continue to go lower
DUST
DJ Transportation
USO giving short term BUY
ERX shrt term buy
ERY short term SELL
UVXY May be ready to go up
DGAZ Short term Buy
continue to make new highs while SPY and DJI indicate distribution to weak hands.
US markets may be ready to move down again after low volume rallies in the last two days.
Gold and Silver appear to be going down with retest of lows.Corporations are spending money on Buy Backs rather than investing in new plants and equipment.This is being done to benefit the insiders so that they can sell their options near the highs. First Quarter GDP was revised up to down 0,2 from down 0.7 previously. Any housing strength recently will be short lived as housing goes down when interest rates go up. Dollar completed its 4th step down on Monday and had a sharp move up yesterday.
After some consolidation Dollar will continue to go up now till it makes a new high in 5th step up.
Only after that it will start going down again.
No agreement between Greece and Euro zone . Only way it is possible if Eurozone makes concessions. And that is possible if Germany sweetens the pot again to kick the can further down into the future.
SPY
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