The wheels are grinding exceeding slowly

Another short, dull report with no clear cut sense of direction. The Dollar index seems to be moving sideways for the last couple of weeks and pretty much everything else is drifting downward. My gut tells me this will go on till after the election is over. It should be noted that the Fed is " All In "  with unlimited QE's and the government is spending all it can borrow to prop up the economy till the election and yet there is no real evidence that the economy is responding. It makes one wonder what shape the economy would be in minus the trillions of stimulus money. My gut tells me after the election we will have a multi month rally in the stock market while the Fed succeeds in driving down the dollar. After that 2013 and 2014 will be the bottom of the trough and may well usher in a new system.  I'll leave discussion of Keynesian economic theory for another day so here goes this weeks charts. The first is of the almighty dollar index. As you can see it's moving sideways.

DXY 13 wk

Next comes DDM the proxy for the Dow Jones. As you can see it is dropping while the dollar strengthens and looks dangerously close to a sell signal.

DDM 13 wk

Next come the chart for the oil and gas industry appropriately labeled DIG. It's price is sitting right on the moving average line and I would not be surprised to get stopped out next week.

Dig 13 wk

Next come TBT which I once again had to dump. I sold it a few minutes before the close Friday. I'll leave it on the Model Portfolio chart so you can see the loss I took on this bet and then delete it. Longer term I am totally convinced bonds are going to sell off and interest rates are going to rise. The bond market is in the Mother of All Tops but there is no point in fighting the charts.

TBT 13 wk

Last, but not least, is my old friend the Gold Miners chart GDX. Even it is showing signs of weakness being driven down by the strength of the dollar.

GDX 13 wk

Here is the chart of the Model Portfolio. Please note the small loss on TBT which I dumped Friday.

Symbol/Name	Price*	Change	Last Trade	Gain/Loss (USD)	Shares	Price Paid	Purchase Date	Gain/Loss (USD)	% Change	% Port	Value (USD)
DDM:US ($) ProShares Ultra Dow30	72.63	+0.04	10/12	+4.00	100	66.00	07/07/2012	+663.00	+10.05	38.79	7,263.00
DIG:US ($) ProShares Ultra Oil & Gas	47.40	-0.51	10/12	-51.00	100	41.00	07/07/2012	+640.00	+15.61	25.32	4,740.00
GDX:US ($) Market Vectors Gold Miners ETF	51.66	-0.83	10/12	-83.00	100	44.50	07/27/2012	+716.00	+16.09	27.59	5,166.00
TBT:US ($) ProShares UltraShort 20+ Year Treasury	62.12	-0.32	10/12	-8.00	25	63.12	09/10/2012	-25.00	-1.58	8.30	1,553.00
Totals				-138.00				+1,994.00	+11.92		18,722.00