Thursday Nov 21, 2013
We have multi year highest bullish sentiment right now telling us the market can reverse any time. Some of the US markets have given SELL signals . Others may go up one more time . DJI, SPY and DJT have not given SELL signals yet. IWM, Russell 2000, QQQ and Nasdaq have given clear SELL signals , but they can go back to recent highs or even make slightly new highs.TZA has given a clear BUY signal, but it can go down on a short term basis before rising again. Russell 2000 can go to previous highs and so can other indices or make slightly new highs. So be cautious here . The markets can reverse any time

DJI

SPY

NASDAQ

NDX top 100 Nasdaq Stocks have given a SELL signal

$DJT   ( Transportation Index)

 QQQ  has given SELL signal

GLD ( Gold ETF ) has given SELL signal for some time now . If it has to rally it has to do it now, otherwise it will go down to  $1200  and then a BIG rally.

GDX  (Gold Miners ETF) 

This is very oversold and some of the mining companies selling below book values.

Rally possible. Many hedge funds have started buying GDX as downside risk is not that great but upside move can be huge.

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Monday Nov 18, 2013

Traders optimism has reached extreme levels  and markets have been going up around the world since last Wednesday. The Fed has gotten itself in an " unprecedented" position. Right now the markets are thinking tht tapering may not occur till March next year.

By the end of December ( if not earlier) , the interest rates may start going up not because the Fed wants it but because the bond holders do not want to wait till the end. There are no SELL signals right now.

DJI

SPY

QQQ

IWM  Not making new highs yet but can go to new highs

TZA

GLD 

GDX 

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DJI, SPY and Nasdaq made new highs yesterday.  There may be one more Down Up sequence left in this market. Strictly speaking, DJI and SPY never went below the 15 day moving average convincingly so far. We will wait to get a strict SELL signal now. IWM may also go to previous highs before giving a SEL signal again. Every now and then you get whipsawed . This is one of those cases. We do not expect a big new rally even though some indices will make new highs. Insiders do sell near the highs so that they can take the markets lower later on. Volume has been weak and advance decline ratios are also not very strong.
DJI

SPY

IWM

TZA 

GLD Gold ETF

GDX ( Gold Miners Index)

GDX ( 3 Years)  Gold Miners ETF From this chart it appears that the 4th leg up may not have been completed yet . 

GOLD DEMAND From Various Countries

You can see that gold demand from India & China is huge. They are really the elephants in the room while western countries are slowly losing Gold to China and India. Thus eventually Golfd will go above previous highs as the printing of FIAT currencies continues in the West(courtesy Chart froom Kitco.com---http://www.kitco.com/ind/Thomson/2013-11-12-Modi-Man-Gold-Tonnage.html)

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Tuesday Nov 12, 2013  6:25 AM

After a weak rally yesterday on a  very low volume , the markets should move down again. DJI & SPX made new highs but rest of the markets did not follow suit especially RUSSELL 2000 and Nasdaq. All the high flyers have come down since we gave a SELL signal.
DJI

SPY

IWM Russell 2000 ETF Decline should resume

TZA  ( 3X Russell 2000 Bearish ETF) Rally should Resume

GLD Gold ETF With only 12% Bears in Gold, It should have some rally soon.

GDX  ( Gold Miners ETF) is showing Technical strength

NUGT (  3X Bullish ETF for Gold Miners)  Showing Technical strength in last two days

If Gold goes below $1251, it is a SELL. Otherwise hold it for a rally. SEE chart for last 4 days

NUGT for 60 days

EURO VS DOLLAR After Interest rates were reduced in Euro zone, Euro weakened from 1.38  to 1.33. It has now started going up again.

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Nov 8 , 2013 Friday

As we had warned you on Nov 6 that the  US market will make a new high and then start going down. The markets are giving clear SELL signals. Yesterday's big decline will result in some rallies but should be used to sell long positions.

DJI

SPY

IWM

TZA

GLD is giving a short term Sell signal but we  will not be surprised if there is a  rally . The decline in Gold & Silver is being caused by interest rate cuts by ECB.There is a currency war going on and rise in interest rates is not going to be good for US economy. We will not be surprised if Federal reserve reacts soon to reduce interest rates.

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 Wednesday Nov 6, 2013 6:45 AM PAcific Time)
For the last few days market has been going up and down and may be getting ready to give a SELL signal. Do not get sucked in by new IPOs . This is the perfect opportunity for insiders to SELL near the peak. One of the largest IPO for TWITTER will happen tomorrow and that may be the time when the insiders sell and you can SELL with them while the markets are near new highs.

DJI

SPY

IWM

TZA Any decline today and tomorrow  may be used to establish new long positions in TZA. Tomorrow may be a better day

GLD Ready to give a BUY signal

SLV ready to give a BUY signal

GDX Ready to give a BUY signal

Dollar Index going Down today  ( from Kitco.com)

Gold Technical Analysis ( From Kitco.com)

Silver Technical Charts ( Kitco.com)

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Monday Nov 4, 2013  6:30 AM

Stock market rally is still continuing though Russell 2000 has broken down and so are other small stock indices.

Charts
 DJI

 SPY

IWM is giving a Sell signal even though you will get another opportunity to SELL IWM after a rally

TZA  also gave a BUY signal on Thursday but we expect a decline in it soon so that you will get another opportunity to BUY it.

GLD Gold ETF  may go up as the 4th leg UP is not complete . If Gold goes below 1251, then Gold will start its 5th leg down. Right now it appears that Gold can go towards $1350 to $1400 or even higher.

SLV chart is like GLD chart

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