Looks like the market wants to go back to previous highs established in May. Not every stock will go back to those highs. Momentum stocks will do that others will not do that like DJT and NYA . Thus there will be a lot of divergence between the major averages which only shows weakness of the real market. We do not want to chase this market because it is earnings season and many stocks will beat pre announced low forecasts. This is nothing more than manipulation by insiders.
Dollar keeps on going up against the Euro where printing of money is rampant with Greece in focus. Greece will get $90 billion worth of Euros by making false promises. Once they get the money, they will never be able to pay the loans. European stocks are going up in devalued euro currency. So what is new?
China is also lying about the 7% growth this year.That is totally manipulated. When all the stocks are allowed to trade , we will find out who is swimming naked.
At any rate , when the realty sinks in all stocks will start going down and go back to October lows after this rally ends. Gold made a new low but Silver did not . So rally in Gold can start any time but we can wait till it goes above the 15 day moving average.
IWM
Dollar keeps on going up against the Euro where printing of money is rampant with Greece in focus. Greece will get $90 billion worth of Euros by making false promises. Once they get the money, they will never be able to pay the loans. European stocks are going up in devalued euro currency. So what is new?
China is also lying about the 7% growth this year.That is totally manipulated. When all the stocks are allowed to trade , we will find out who is swimming naked.
At any rate , when the realty sinks in all stocks will start going down and go back to October lows after this rally ends. Gold made a new low but Silver did not . So rally in Gold can start any time but we can wait till it goes above the 15 day moving average.
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