Down Market Forecast for Tomorrow

NDX probaility at 70% for down market

Down Market Forecast for Tomorrow

NDX probaility at 70% for down market

71% probability for S&P UP market tomorow

Bear Market Continues: Look for $INDU reversal tomorrow, another buy signal for gold and silver stocks

PALISADES RESEARCH GIVE 74% PROBAILITY FOR DOWN MARKET TOMORROW. THE DOLLAR AND GOLD ARE BACK TO AN INVERSE RELATIONSHIP

BEAR MARKET CONTINUES

Leading Indicators

At first, something seems impossible. Then it becomes improbable. But with enough conviction and support, it finally becomes inevitable.” Christopher Reeves

“There are no rules here – we’re trying to accomplish something.” - THOMAS EDISON

Follow this link for some surprising economic indicators
http://www.cnbc.com/id/29257460

74% DOWN PROBABILITY FOR S&P TOMORROW

Market Correction this Week?

Obstacles are those frightful things you see when you take your eyes off your goal.
~Henry Ford

The Nasdaq has surged 31% from its March 9 low. The NYSE composite added 29% from its March 6 worst. The S&P 500 gained 28% and the Dow rose 25%.

The Market Pulse shows that a distribution day, one notched on March 20, has fallen off the count. The broad indexes have climbed enough to make that session's high-volume loss less relevant.

Is this a Bear Market Rally or New Bull Market

A week ago Richard Russell said the if the Industrials and Transports can BOTH better their last secondary peaks, this will be very bullish, and it could mean that the primary trend has turned up.

The key numbers on the upside (the last secondary peaks) are:

D-J Industrial Average 9015.10, and

D-J Transportation Average 3717.26.

These points are identified by the blue arrows on the two daily charts above.

Short term gold and gold stocks have turned bearish--I do not plan to trade out of current positions--very difficult to correctly time--I am hedged to the down side with a small position in April AUY PUTS.

I am currently evaluating a deltra neutral straddle strategy for option trading. My 2 week experience has resulted in a loss thus far. I will keep my readers posted--the strategy was advertised to generate over $130,000 in 30 days with only 30 minutes work per day in picking trades.

God Bless and good fortune with all your trades.

Stocks Explode Higher Again On Rule Change, Economic Data

UNTIL CONFIRMED BY DOW THEORY THIS IS A BEAR MARKET RALLY. Rmember I follow distribution days on IBD and use Dow theory to confirm major market trends. I believe we have entered a new bull market for gold mining and silver mining stocks. I have taken a 20% position in my retirement account.

Tomorrow look for profit taking--Gold bullion down but mining stocks continue up including SLW.