Monday Jun 6, 2016

06/06/2016 Daily Commentary:  Markets popped up more today, continuing the bounce up at the Red Line (50-day avg.)  from two weeks ago.  The S&P 500  was able to go slightly above the April Highs, but other Indices are lagging, and the Volume is poor. Failure to push higher soon could be a big ‘Double Top’.  The […]

Saturday Jun 4, 2016

06/03/2016 Weekly Commentary:  Markets were mixed for the week, as the Indices struggled near the April high resistance. On Friday, Markets dropped down to the Pink Lines (10-day avgs) on bad news, but were able to bounce back up.  The S&P 500  needs to exceed the April Highs soon, or this could be a big ‘Double […]

KGC up 12% today

06/03/2016 Intra-day Comment: Nimble Traders, tighten Sell Stop Loss.    

Thursday Jun 2, 2016

06/02/2016 Daily Commentary: Markets edged higher today, as the S&P 500 creeps back up to the April high of 2111. The S&P 500 needs to exceed the April Highs soon, or this could be a big ‘Double Top’.  The rally since the May 19th low appears to be about finished with Wave 5 up (See Chart and […]

Wednesday Jun 1, 2016

06/01/2016 Daily Commentary: Markets were mixed again today, as most of the strongest Leaders inched  higher, but are over-bought.  The S&P 500 needs to exceed the April Highs soon, or this could be a big ‘Double Top’. Caution! Most Funds are coming down from the Red Zones (probably too late to Buy for the short […]