DJI mde new lows but other indices  did not make new lows on Friday.  Market is trying to make a new stand especially because of the new money coming in at the beginning of the month. It is not succeeding and is going to new lows

DJI

SPY

IWM

QQQ

GLD

GDX

NUGT

DUST

SLV

USLV  Gave a Sell signal  a week ago

DSLV  Gave a Buy signal a week ago. It is still a BUY today

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Tuesday Jan 28 at  6:30 AM Pacific Time
In the USA, markets have completed ( or will do so today or tomorrow) 5 steps of the First leg Down. We will start the second leg Up today or tomorrow. This can  go back to previous highs  in the next few days before bigger decline starts again. It also depends on what the Fed does tomorrow.Let the charts tell the story:
DJI

SPY

Nasdaq

QQQ

IWM Russell 2000 ETF

TZA : Take profits  . You have 15%  profit

TNA Ready to rally to below previous highs today or tomorrow

GLD  Ready to rally again

GDX  Gold Miners  Ready to rally again

NUGT  Ready to rally again

DUST  Going Lower No Buy signal yet

HUI   precious metal stocks going higher

SLV is giving a Sell signal . Wait for a rally before selling it.

USLV Giving a Sell signal. Wait for rally in Silver before selling  this.

You can see why we do not recommend individual stocks.Apple had a bad earnings report and it is down by more than  $42 per share.

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Friday Jan 24, 2014
Sell signals are visible in many markets around the world. That includes Japanese , German, French and Indian markets. This we have been warning for a few days and finally it is happening.This is all happening in accordance with Chapter 5 of our book. The decline is not over by a long shot. Gold continues to rise as currencies in Argentina,and Turkey and India are being hammered. This kind of thing can cause a world wide crisis as happened in 1992.Argentine policy makers devalued the peso, allowing it to drop the most in 12 years, other emerging market currencies started selling off also.  The Turkish lira plunged to a record low while Russia's ruble fell to a 5 year low and the South African rand moved above 11 rand/$.
DJI has the biggest 2 day drop in 3.5 months

DJT Transportation made a new high but it will also follow the rest of the market down

SPY  clear Sell signal yesterday

QQQ

IWM  Clear Sell signal

TZA Ready for a buy signal

TNA  Sell signal coming today

GLD moving  up on strong volume

GDX  Going up steadily

NUGT Making new Highs. Best performing ETF. We gave a Buy signal two weeks ago. up 40% since then

DUST  Worst ETF Lowest in 3 months

SLV  Silver not doing as will as GOLD ETFs

USLV

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The markets continue to stay near the top even though technically they look weaker especially on candlestick charts. DJI is leading on the downside but other indices are still near highs.
DJI

SPY

DJT after  making a new high closed lower.

IWM Made a new high, but no SELL signal yet

TNA

TZA made a new low

TNA made a new high

GLD Gold ETF  No SEll signal yet

HUI  Amex Gold BUGS Index  Continues to move higher even though Gold dropped yesterday

GDX   Gold Miners Index Keeps on going UP

NUGT  Making New Highs Everyday

DUST 3X Bearish Gold Miners Making New lows

Here are more predictions about Gold by the top timer in 2013

http://clicks.aweber.com/y/ct/?l=Jg.i0&m=JO4H7nGY3lrk7z&b=Qe1Mh1U8v7DGzKl1tS9tVA

The following chart is from the above

There are 3 possibilities above only one of them is bearish. We prefer long positions at this time

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