NEW YORK (TheStreet) -- As the Federal Reserve money-printing machines continue to work overtime, the stock market continued to move higher in response in Thursday trading.

The DJIA closed higher by 14.84 points at 16921.46 and the S&P 500 closed up 2.50 at 1959.48. The Russell 2000 index was up fractionally at 1184.03 and the Nasdaq was down 3.51 points to close at 4359.33.

The Russell 2000 closed at "Trend Neutral," my three-month or longer time frame. This is the first time since March that the index is not in "Trend Bearish" territory.

The big winners in Thursday's market were the gold stocks. As the Federal Reserve continues to signal an easing policy and money printing, the gold stocks are signaling growth slowing and inflation. The SPDR Gold Trust (GLD) was up a whopping 3.48% on Thursday. It has broken above its trend resistance line, according to my internal algorithm process. Take notice. I expect continued strength going forward.

The SPDR Select Sector Utilities ETF (XLU) was up again on Thursday and is now up 16% for the year to date. GLD is now up 9.3% YTD. The S&P Goldman Sachs Crude Oil Trust Index ETN (OIL) is up 11.4% YTD.

Wall Street pundits need to take notice. This is not your normal bull market in 2014. This is all about the Federal Reserve printing money that will ultimately end in an avalanche to the downside. It is no longer a question of if, but when, that avalanche will occur.

Another huge negative in the U.S. economy is that fact that U.S. real-wage (what you get paid in terms of wage growth minus accelerating inflation) just went negative for the first time in two years.

And to top it off in Thursday trading, CNN/Money's Fear/Greed Index stands at 94 (extreme greed) and the CBOE Market Volatility Index (VIX.X) closed at 10.62 (no fear) in this stock market.

Turning attention away from the evidence of growth slowing and inflation accelerating, traders need not focus on the macro, bearish trends. I say this because with a risk management process that is repeatable and reliable, we can trade in any type of market.

Case in point, most, if not all, of my recent trades have been from the short side. On Thursday, I covered my remaining Fairchild Semiconductor (FCS) short position. The entire trade was a win. I also covered my Diamondback Energy (FANG) short from Wednesday at a nice profit, also. This is all from my algorithm trading process at on which I am holding an open, free chat Friday. Opportunistic trading, both long and short, is what we are all about.

I added two new short positions at the close on Thursday in Akamai Technologies (AKAM) and WageWorks Inc. (WAGE).

At the time of publication the author was short AKAM and WAGE.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

>>Gold Explodes While the S&P Remains in Breakout Territory