DJI  made a new low for the year yesterday and SPY was also near the lows. DJ transportation and DJ utilities are also near the lows. there has been an abc rally since yesterday. We had a up and b down completed already yesterday and we will have c up which is stronger than the a up.
 After this consolidation we will continue our decline.
Gold and Silver also moving up slightly yesterday and today but till they go above the 15 day moving averages, there is no BUy signal.
We have had a neutral position on natural gas.

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As predicted , the market has been going down and DJI , SPX  are below 50 day moving averages.

We will eventually go to Oct lows before any steady rally starts. Right now the market wants to go lower with rallies in between

Gold and silver are not acting well and  Gold should go to$1131  with rallies in between.

As interest  rates  rise, utilities became the biggest loser last week. Energy stocks should continue to go lower.
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Insiders continue to manipulate the market up and down to distribute the stocks to dumb  non professional investors.  Internals remain weak which is the clear sign of the market having trouble moving up.Yesterday DJI was up as much as 150 points but then closed near the lows. Once the market goes below this week's lows, the decline will pick up momentum.
Interest rates on 10 year  bonds have gone up sharply in USa and in European markets.

Gold and Silver may be headed lower again as last attempt to move up failed in the last two days. So we recommend  to go short on Gold and Silver. Oil also gave a SELL signal yesterday. Of course energy stocks gave SELL signal sometime back and they  will continue  to go lower. UVXY will go up if the market declines now. No Buy signal till it crosses 15 day moving average.

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After several days of decline we will have a rally today. DJI & spy will make another attempt at a new high but will not succeed.
this is normal rally at the beginning of the month but will peter out.
Energy stocks have been going dow and will continue to do so with rallies in between

Gold & silver stocks are consolidating but do not buy till they cross above 15 day moving average.

DGAZ keeps on going up as natural gas is going down



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