The wheels are still grinding

While the wheels are grinding this is not translating into forward progress. Nothing is moving in any clearly definable direction. Note the chart of the dollar DXY which follows. It's just bouncing around in a narrow sideways band.

DXY 13 wk

Next comes the chart of the Dow represented by DDM. Again nothing much happening although the moving average line is creeping up to meet the price point. A couple of bad days could trigger a sell signal.

DDM 13 wk

Next come the Oil and Gas chart represented by DIG. It bounced off the moving average line narrowly avoiding a sell signal. Too early to declare a reversal but at least we are safe for another week.

Dig 13 wk

Next we come to the chart of our Gold Miners represented by GDX. Again nothing much to get excited about.

GDX 13 wk

Last comes the Model Portfolio which is well into the black but is definitely trending downward. Something needs to break and give us some direction to work with.  I'm guessing nothing much is going to happen till after the election.

Symbol/Name	Price*	Change	Last Trade	Gain/Loss (USD)	Shares	Price Paid	Purchase Date	Gain/Loss (USD)	% Change	% Port	Value (USD)
DDM:US ($) ProShares Ultra Dow30	72.73	-2.35	10/19	-235.00	100	66.00	07/07/2012	+673.00	+10.20	41.91	7,273.00
DIG:US ($) ProShares Ultra Oil & Gas	49.08	-1.57	10/19	-157.00	100	41.00	07/07/2012	+808.00	+19.71	28.28	4,908.00
GDX:US ($) Market Vectors Gold Miners ETF	51.73	+0.21	10/19	+21.00	100	44.50	07/27/2012	+723.00	+16.25	29.81	5,173.00
Totals				-371.00				+2,204.00	+14.55		17,354.00