December 27, 2013

WEEKLY MARKET DIGEST: JOBLESS CLAIMS PLUNGE, AGGRESSIVE BUYING IN GOLD $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )

SANTA CLAUS RALLY CONTINUES BUT VERY OVERBOUGHT, GOLD TRYING TO RALLY

December 27, 2013

The Santa Claus rally is continuing but the stock market is very overbought.

Gold is trying to rally as well as oil on weaker U. S. dollar.

Interest rates are higher.

Normally when interest rates go higher, dollar strengthens. That is not the case today.

Lack of liquidity is making certain moves exaggerated.

Gold futures are at $1215, silver futures are at $20.03, and oil futures are $100.15.… Please click here or the title below to read more.

December 27, 2013

INITIATE OR ADD TO SHORT ON S&P 500 $SPY

This post was just published on ZYX Short Change Alert.

As the Santa Claus rally continues the stock market is getting very overbought in the very short-term. Early next year S&P 500 may head towards 2000 but sooner or later a major correction is in the cards. Earnings momentum continues to decelerate and the market is fully valued. Markets often overshoot and for this reason only a 10% tranche should be initiated or added at this time. The short zone in SPY is $183.60 to $185.20. SPY is trading at $183.85 as of this writing. The risk control mechanism is small quantities.… Please click here or the title below to read more.

December 27, 2013