TIMER DIGEST SIGNALS:

Stocks – NEUTRAL –

My work called the bottom on June 16 following the formation of Positive Leibovit Volume Reversals and I flipped from a ‘Sell’ to a ‘Neutral’ signal. I also traded long index ETFs in my Platinum service. However, I did not post a full-fledged ‘Buy’ signal. My expectations were for a seasonal pre and possibly post July Fourth rally and not an immediate move back to new highs. The Dow Transports pushed once again into new record highs. As a leading indicator, we cannot ignore this event. Overall, it appears we’re headed to new highs, but it is still ‘summer trading’ and recall last year we had a strong July, but a weak August.

Gold – BULL –

Volume is short-term negative, but we know this can change quickly. This correction is seasonal and expected. You should not be surprised. Nothing has changed. The big picture uptrend is very much intact. Remind me when gold is trading over $2000 just how scared you got during the correction. We’ve been there before. With the U.S. economically, socially, politically and spiritually in decline, the US Dollar is going to weaken and gold is going to strengthen. Also, don’t expect the financial press or Wall Street to support gold. That’s akin to asking a car salesman to sell and demonstrate computer software. It is just not in their realm of expertise, understanding or line of making of living.

Bonds – NEUTRAL –

Bonds are negative until proven otherwise, but we could get a pop here, especially if we see the market sell-off again reacting to some external news event. But, the writing appears to be on the wall and I believe being OUT or short the bond market is the best near-term advice I can give you.

The above is just a portion of Mark’sVRTrader. Much more analysis contained every day in Mark’sVRTrader Silver or Platinum Service

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