Friday  Jan 17    6 :45 AM PT
The markets are being kept near the Highs so that the insiders and Big Money can sell near the top.. You can see the action of the markets for the last 3 weeks. Indices have made new highs but without much conviction. Number of New Highs keeps on going down. Some Stocks make new highs but the volume keeps on going down. This is the clear sign of a market that is being distributed to retail investors.
DJI giving a Sell signal but it will try to go to previous Highs  soon.

SPY No Sell signal but getting closer

DJT

QQQ

GLD  Going up but volume lacking

GDX  Making New Highs

NUGT  Rally made a new high today. Be careful

IWM  No SELL signal yet

TNA  No SELL signal yet

TZA  No BUY signal yet. Can go to recent lows or even lower

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Jan 15, 2014 at 6:30 AM
After going down sharply on Monday, the markets rebounded just as fast yesterday. There is so much bullishness by advisers and the public, that we may be close to the peak rather than near the start of a big rally now. Let the charts lead us.
Dji

SPY

QQQ  Even though Nasdaq made a new high yesterday, QQQ did not make a new high which is bearish

IWM

TNA after a sharp decline Monday, came right back yesterday.

TZA  Heavy buying near the lows

GLD  No Sell signal yet

GDX

NUGT  No SELL signal yet

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DJIA made several attempts to make new highs last weeks but failed. SPY did the same and failed IWM also did not make a new high and now is ready to give a SELL signal. All leveraged positions should be closed. Gold is also moving higher.

DJI

SPY

IWM

TNA  Sell here to lock in profits

TZA  Get ready to BUY

GLD  Continues to move higher on  heavy Chinese buying of physical GOLD

GDX

NUGT  continus to move higher

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SPY, DJI, Nasdaq and IWM are ready to go to previous highs before the decline starts. There is so much bullish sentiment all around us that poor earnings now will give a surprise to the market  and will start a major decline in the market. Gold and Silver are holding above their recent lows  and a rally here cannot be ruled out.
DJI

SPY

IWM  ( Russell 2000 ETF)

TNA ( Triple Bull Russell ETF)

TZA ( Triple Bearish Russell 2000 ETF) Can go to new lows before becoming a BUY

GLD

GDX ( Gold Miners Etf) Gold can go to between 1250 & 1300 before a decline happens.

NUGT  ( Gold ETF triple Bullish ETF)  No Sell signal yet

DUST  ( Triple Bear Gold ETF)  No BUY signal yet

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After making record highs on Dec 31, 2013, the markets went down in  5 small steps and it is ready to go up with a good possibility, it will make a new high or at least reach the previous highs.

DJI

SPY

IWM

TNA is a BUY today for a short rally to previous highs

TZA is not a BUY yet. It will make a new low soon

GLD Gold is not a Sell yet

GDX    is a SELL today

NUGT  is a SELL even though it has not given a SELL signal

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Jan 2, 2014  Thursday

The market may rest after a record breaking rally till Dec 31, 2013. We have no SELL signal yet. People with leveraged positions may take profits with the idea of getting back in again. Gold and Silver Miners after retesting previous lows Friday just as Gold & Silver did  are rallying today.

DJI

SPY

IWM

TNA

TZA  Do Not Buy Yet

GLD ( includes today's Premarket Rally)  giving a BUY signal

GDX Gold Miners Gave a Buy Signal on 29th December

NUGT  Buy signal on 29th December . Retested lows again on 31st Dec

SLV gave a Buy signal on 29th Dec followed by retesting lows on 31st Dec

USLV gave a BUy signal ytoday. Do not buy at the open

Gold is moving up today in spite of the fact that Dollar Index is going up. All those people who look at the fundamentals only cannot give the explanation of the rally in GOLD


The following chart is taken from www.KingWorldNews.com  The chart tells the whole story. It is a 33 Year Chart.

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