Make Money In Up & Down Markets

Friday, February 14, 2014

Friday Feb 14 2014 6:25 AM
As predicted , Nasdaq & QQQ made new highs yesterday on increasing volume. This cannot be said for DJI & DJT. Gold has broken through $1300 on increasing volume. This is specially true for Gold Mining Stocks which are moving sharply higher and should continue to do so in First leg up.

DJI

SPY can go to recent highs before starting a decline.

IWM Going Up on heavy volume. Can rally to previous highs

TNA Went up sharply yesterday on heavy volume.

TZA Will go to new lows soon

GLD going up more

GDX for last 4 years After completing 5 legs down in Dec, GDX is moving up sharply

GDX latest Quotes included 6:35 AM Pac time. Even if Gold makes new lows as predicted by several analysts, GDX will not make a new low.

NUGT After 5 steps of the First leg up have been completed, we will go down in Second leg. We are in Step 3 of First Leg up because of heavy volume and sharp up move. Stay long

Gold Comex April Will hit Resistance Soon at $1325 Take profits around there.

SLV : Silver was not going up as fast as Gold . It is finally catching up with Gold. Stay Long

USLV After giving a Buy signal 7 days ago, It is moving up sharply. Stay Long

DSLV Making New lows

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Wednesday, February 12, 2014

As we had predicted on Feb 15, the market has had a nice rally since then. It has nothing to do with earnings or what the new FED head had to say. Gold also moved nicely up. It has gone up from $1181 to $1293. It is about time to take profits.
DJI May not go to Previous highs creating divergence from NASDAQ. Rally is still not over yet

SPY Moving still higher . May or may not make new highs before the big decline starts

IWM will start going up faster now as it crossed the 15 day moving average yesterday

TNA Rally will continue

TZA Going Lower may be to new lows. We were right when we asked you to take profits near the highs

GLD Gold instead of going down, gave a BUY signal on Monday as it moved above 15 day moving average.

GDX Has had a strong rally on increasing volume

NUGT Take profits . It has gone from a low of 25 to 46. Unless Siver moves to $20.67, it may be signaling a SELL for NUGT

DUST Made new low. Do not buy it yet

SLV Silver is weaker than Gold

USLV

DSLV

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Monday, February 10, 2014

Feb 10, 2014 Monday
As predicted in our recent issues, the market has been going up strongly in the last 3 days.
DJI ans SPY will decline followed by a stronger rally soon. Nasdaq and QQQ are likely to make new highs after some weakness today . Gold may be reaching for a new high . This may be a final upleg in the recent rally.
We have had step A up of the current rally, it will be followed by Step B down and then followed by step C up soon.

DJI

SPY

IWM

TNA can go to previous highs after some weakness today

TZA we told you to take profits 3 days ago. It is going much lower after a rally today.

GLD
Going higher in a final Up move in recent rally

GDX

NUGT Final Push up today

DUST Heavy buying near the lows by insiders

COMP Will make New Highs soon

QQQ

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Thursday, February 6, 2014

Feb 6 Thursday 6:20 AM Pacific Time

US stocks have been completing the Five steps down of the First leg down for the last two days. We should have a nice rally starting today

DJI

SPY

IWM

TNA Ready to rally after making the low yesterday

TZA going down -Take profits

GLD Ready to go down to previous lows ig Gold goes below $1245

NUGT Ready to Go Down to previous lows if Gold goes below $1245

DUST Ready to go to previous highs if Gold goes below $1245

It is interesting to look at how the market going to develop near term and intermediate term. Let us look at SPY chart

As you can see above, SPY went down in 5 steps of the first leg down. In Leg Two up it can recover 50% to 80% of the previous decline. Some of the stocks can even go to new new highs such as Google or recover up to 95% of the decline.In spite of spending 4 Trillion dollars , the economic strength is all fake. That is true whether you look at Japan, Europe or USA. Fiat money can only help you so much. After this second leg up has been completed, we will have even more vicious decline.

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Tuesday, February 4, 2014

We believe that the USA markets are close to the largest rebound since Dec 31, 2013 This is because
the five steps of the first leg have been completed. See the chart for SPX . All other indices are showing similar kind of patterns After leg 2 is completed upto at least the previous 4th leg high on 30th Jan, 2013. Nasdaq and Russell 2000 may go even higher. Please take profits in TZA and other leveraged short positions.. You can see that on Jan 24 was the largest negative A/D ratio equal to 6.48.
yesterday we had Negative A?D ratio of 5.73. Thus we can assume that on 24th January we had Step (iii) of Leg 1 Down and yesterday was the step (V) of the leg 1. This will be followed by Leg 2 up and then the vicious down Leg 3.
We were one of the few people who gave a SELL signal for most markets around the world

NIkkei Has gone below 200 day moving average last night on heavy volume. Japan has been trying to devalue their currency big time but it is not working now. If you follow our book, you would have been out of Nikkei a couple of weeks ago.