Monday Jun 20, 2016 Daily Commentary
06/20/2016 Daily Commentary: Markets popped up today. as the Major Indices were back down in the Green Zones. The S&P 500 bounced at the Red Lines (50-day avgs.), and should re-test the 2121 recent high. Failure to make a Higher High would be “Bearish”. Money Wave Buys on Monday for BBG & SN. (See listing below) Soon for BIG & KGC. We will email […]
6/19/2016 Weekly Commentary
06/19/2016 Weekly Commentary: Markets were down for the week, and the Major Indices are now back down in the Green Zones. The S&P 500 should bounce at the Red Lines (50-day avgs.) soon, and re-test the 2121 recent high. Maybe another pull-back soon to re-test the recent lows, first. Money Wave Buys on Friday for HPE & WPX. (See listing below) […]
Thursday Jun 16, 2016 Markets Held at the Red Line!
06/16/2016 Daily Commentary: Markets dumped below support in the morning, but rallied back on the Close. The Major Indices were down in the Green Zones, but most ended up with Money Wave Buys Signals today (Major Indices have < 90 Relative Strength). The S&P 500 went down below the recent Support of 2064, flushed out the non-believers and […]
Wednesday Jun 15, 2016
06/15/2016 Daily Commentary: Markets tried to rally today, as the Major Indices are back down in the Green Zones. The rally fizzed out in the afternoon, as the S&P 500 should go back down the retest the recent Support of 2064, and the Red Lines (50-day avgs.) If the S&P 500 holds at Support, it should […]
Tuesday Jun 14, 2016
06/14/2016 Daily Commentary: Markets were down again today, but the Major Indices are back down in the Green Zones. Markets are down near the Red Lines (50-day avgs.) and the S&P 500 should bounce soon near the Red Line (50-day avg.). Money Wave Buys soon for ALB, CNQ, INO, MTW, OCLR WPX & ARIA We will email when […]
Monday Jun 13, 2016 Daily Commentary
06/13/2016 Daily Commentary: Markets were down today, as the Leaders should return back down to the Green Zones. Last week, many Indices could not get above the April highs, indicating a lack of Buyers. Markets were very over-bought on the short term, and there should finally be some Money Wave Buy setups later this week. S&P 500 […]
06/11/2016 Markets stalled at April Highs
06/11/2016 Weekly Commentary: Markets were down slightly for the week, as the S&P 500 had a ‘False Breakout’ at 2111, and Oil prices pulled back. Many Indices could not get above the April highs, indicating a lack of Buyers. Markets were very over-bought on the short term, and there should finally be some Money Wave […]
Thursday Jun 9,2016
06/09/2016 Daily Commentary: Markets dropped down on the opening, as Oil prices pulled back and Bonds soared. Maybe another small rally in the morning, but Markets are very over-bought on the short term. The S&P 500 has Support at the Pink Line (10-day avg.). . Closing below the 2111 Breakout could be “Bearish”. The rally […]
Wednesday Jun 8, 2016
06/08/2016 Daily Commentary: The Volatility Index VIX was up today, maybe signaling that Smart Money is Buying VIX for a pull-back in the Markets. Markets were up today, but they are very over-bought on the short term. The S&P 500 was able to go slightly above the April Highs, but other Indices are lagging, […]
Tuesday Jun 7, 2016
06/07/2016 Daily Commentary: Not much change today, as the Markets popped up more today, but closed weak. The bounce up at the Red Line (50-day avg.) from two weeks ago might be over. The S&P 500 was able to go slightly above the April Highs, but other Indices are lagging, and the Volume is poor. Failure […]