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November 19, 2016

Weekly Commentary Nov 19, 2016

Small Cap Index likes Trump Win!

Small Cap Index likes Trump Win!

 

11/19/2016:  Markets were mixed for the week as the  S&P 500 is back up near the August Highs, and Resistance of 2194. Failure to make new Highs soon could Selling. 

The US Dollar made a higher High this week, so the Gold Miners are still weak. The Dollar should correct soon.

Bonds are very over-sold, and should bounce up some on Short Covering soon.

Most leading Funds are back in the Red Zones (probably too late to Buy for the short term), so RAISE CASH.

 

Money Waves Buys soon for CSX and VALE/P. We will email you when they are ready.  

Click for  Watch List   

Click for  Open Positions   

Click for Closed Positions

Click for Charts for Leaders 

Alert! Market Risk HIGH (Red Zone). The probability of successful Short Term Trades is lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.

 

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