Riding The Gravy Train

Beating the markets is fun and profitable. This is how we do it.

Tuesday, March 19, 2013

DJIA RSI Update, VIX Update & Random Notes


It's obviously still very early in the week, but for now the weekly RSI for the DJIA seems to be turning down.  This is even more often indicative of an imminent significant sell-off than the weekly RSI simply rising to its recent levels above 73.  Click here for context, to read a recent posting entitled Sobering Stats, DJIA RSI Suggests Imminent Plunge.

An interesting gold news item:  India Gold ETF Sales Mimic Soros as Goldman More Bearish

Below is a sobering chart credited to dshort.com   We warned of extremes in margin debt a month ago in our February 16 Market Update



Friday, before the market opened, we posted this chart of the VIX index (scroll to bottom).  Here's an updated version:

 

JPMorgan wins dismissal of silver price-fixing lawsuit.




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