This recent sell off was possibly due to the fact that the increase in interest rates were not announced by the FEDs.
Gold Miner - Stretch (Overbought)
This is a great example of violating co-relation with Dollar, we still had some co-relation to the Market.
Like I said previously in a post - As Long as Oil is getting destroyed (destroying many dreams), The market will have huge swings, Safe havens cannot be Cyclicals and not at all in the Sensitive. Utilities will be the safest best for now.
The Strongest Utilities - PCG and CMS. Wait for pullbacks.
This is interesting. Individual names from the sectors. I am not expecting XLF to make new high. I am expecting it to visit the High Interest zone.
XLF - AIG , AXP , BK , DFS , GS , JPM , MS , MET
GDX - NEM , KGC same with GDX - no new lows expected (if it happens its a bonus)
I developed this in 2013, shelved it and focused on developing the ultimate squeeze Indicator latter part of 2014, and RSI Breakout in the early 2014. These work extremely well in certain markets. Applying the wrong strategy in wrong market is a invitation for diaster. So use the UCS_Momentum Oscillator for now with other confirmations.