US market has bounced up in the last 3 days because of oversold condition on Monday. We cannot rule out the possibility of SPY going back to recent highs because of the the new month bullishness but it does not have to be. More likely is for the markets to start going down again to new lows.
Gold has been consolidating here and a rally can start up anytime. Market in China has been dropping
like 1929 and the decline will continue. We expect Euro zone getting into trouble first followed by Japan into 2016.
Energy related stocks are still going down and we have had nice profits in ERY. Energy stocks will continue to go lower.
Russell 2000 has been weak and will continue to come under pressure
Gold has been consolidating here and a rally can start up anytime. Market in China has been dropping
like 1929 and the decline will continue. We expect Euro zone getting into trouble first followed by Japan into 2016.
Energy related stocks are still going down and we have had nice profits in ERY. Energy stocks will continue to go lower.
Russell 2000 has been weak and will continue to come under pressure
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