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Monday, January 10, 2011

Trading Alert.. New Sell signal for DZZ and ZSL

Both Gold and Silver now demonstrating Failed Auctions in SLV and GLD.....

Although momentum is still to the downside, one of our most reliable indicators, the Failed Auction, is signaling a move the the up side.   As the move can be violent, we want to be out of the levered short ETF's that track those markets.

Sell the DZZ, trading at 8.55 and the ZSL, trading at 10.98 at the Market......

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