RIC Update….

Used RIC successfully in the past to help denote changes in PM market…
Last two days BULLISH candles on 2 month support trend line with RSI positive divergences…
Appears potential BULL flag ready to break out…
Stoch and TRIX (early indicators) have reset with a BULLISH up turn…
Could be the first BULL flag denoting a change in direction?

DUST 60 TRIX has BEAR crossed…

DUST 60…

Those short be very careful…
Might get one last surge in DUST, a consolidation period, then the big drop…
Watch for the 13/34 EMA BEAR cross in DUST…

The major patterns denoted on my DUST chart have eventually played out this year…
Trying to catch the top/bottom is the tricky part, let the trade come to you…

NUGT 60…1052 Update
“Ideally” want to see a positive divergence build at the black trend line which was previous support…
Usually takes a touch of the line then a retest…
That’s what I am watching…

RUT Weekly…

Almost a BULL–Almost…

RUT Update…

DUST 60…

Finally…Got the TRIX 1,2,3 again…

WTIC Update…

Getting a bounce off my first target, the 200 SMA and 38% fib…
Watching close, you should too if short…

SCO…

TZA…
When I made my TZA trade Friday, I was observing the daily RUT chart…
IF I was watching the 30 minute I could have seen a clear back test of the diagonal blue trend line…
Lesson Eagle–watch the minute charts…

Shout out to Nightingale…

One of our staunch BEARS has been correct with this move…

Stock Market Update…

SPX Daily back testing 50 SMA…
Friday’s action could not breach to the upside…
Several days of back testing the 50 SMA in BEAR flag formation…
Expecting further downside to test 2300 before this correction is finished…

RUT hitting resistance again also…

I trade the RUT because the volatility provides more profit…
TZA…

As a result, Volatility should increase until this correction is over…
SVXY Daily back testing moving averages…
RSI 2 already gave a SELL signal (works a tad faster than the TSI 7,4,7)

SVXY 15 back testing a bifurcation of trend lines…

VXO could be in BULL wedge formation…
CCI 10 has BULL bounced off the 50 line…
RSI 5 bouncing off 50 is BULLISH…

In conclusion, I took a last minute TZA position Friday. Will consider UVXY, and jump on the train if the opportunity presents itself..

NUGT/DUST 15 Update…

Seeing a potential BEAR megaphone on DUST and a BULL flag on NUGT…
Links to the right…