Wednesday Jul 20, 2016
07/20/2016 Daily Commentary: Markets stretched the rubber band even further from the Green Line, on emotional buying with average Volume. The S&P 500 broke out around 2130… Closing below that could be a “False Breakout” and cause selling. Markets should drop down soon to test Support around 2130. Current Open Positions We bought CPE & RICE on Wednesday. Money Wave Buys soon […]
Tuesday Jul 19, 2016
07/19/2016 Daily Commentary: Markets stretched the rubber band even further from the Green Line, on emotional buying with average Volume. The S&P 500 broke out around 2130… Closing below that could be a “False Breakout” and cause selling. Markets should drop down soon to test Support around 2130. Current Open Positions We stopped out of XME with 16.4% […]
Monday Jul 18,2016
07/18/2016 Daily Commentary: Markets were slightly higher again today on very low Volume. The S&P 500 broke out around 2130… Closing below that could be a “False Breakout” and cause selling. Markets should drop down soon to test Support around 2130. The Leaders are very over-bought, and Way Above the Green Lines. Tighten up your Sell Stops for Short […]
VIX at $13 Means Market Pullback Soon!
Related Post – TLT
Weekly Commentary 7/16/2016
07/16/2016 Weekly Commentary: Markets were higher again for the third week, after going down and bouncing off the Green Line. Volume on the rally has been poor, and Interest Rates have quit declining. Leaders are not popping much. The S&P 500 broke out around 2130… Closing below that could be a “False Breakout” and cause selling. Markets […]
Bonds Should Bounce Again Soon
Wait for the Money Wave to go into the Green Zone, and then turn back up on the Close. Related Post – Thursday Jul 14, 2016
Bonds are coming back down to the Green Zone
Target is the Red Line (50-day avg.) Related Post – WCN – WCN
Thursday Jul 14, 2016
07/14/2016 Daily Commentary: Markets continued higher again today on more low Volume. The S&P 500 broke out around 2130… Closing below that could be a “False Breakout” and cause selling. Markets should drop down soon to test Support around 2130. The Leaders are very over-bought, and Way Above the Green Lines. Tighten up your Sell Stops for Short Term […]
Wednesday Jul 13, 2016
07/13/2016 Daily Commentary: Markets edged higher today on more low Volume. The Leaders are not popping much like they did earlier this year. The S&P 500 broke out around 2130… Closing below that could be a “False Breakout” and cause selling. Markets should drop down soon to test Support around 2130. The Leaders are very over-bought, and Way Above the […]
Tuesday Jul 12, 2016
07/12/2016 Daily Commentary: Markets continued higher today on low Volume. The Leaders are not popping much like they did earlier this year. The S&P 500 broke out around 2130… Closing below that could be a “False Breakout” and cause selling. Bonds and Gold finally pulled back some. The Markets are on Highs, but we are having trouble finding many […]