08/10/2016 Daily Commentary: Markets went down and bounced at the Pink Lines (10-day avgs.) today... Probably another try up at the Highs tomorrow. Looks like the S&P 500 is about to complete Wave 5 up, since the bounce off the Green Line in … [Read more...]
Tuesday Aug 9, 2016
08/09/2016 Daily Commentary: Markets look like the S&P 500 is about to complete Wave 5 up, since the bounce off the Green Line in late June. After Wave 5 is complete, the S&P 500 should drop down to test Support around 2130. Current Open … [Read more...]
Monday Aug 8, 2016
08/08/2016 Daily Commentary: Nothing to report today...Markets were mixed on lower Volume. The S&P 500 could be in Wave 5 up, since the bounce off the Green Line in late June. After Wave 5 is complete, the S&P 500 should drop down to test … [Read more...]
Weekly Commentary – Markets are preparing for Higher Interest Rates!
08/06/2016 Weekly Commentary: Markets were up slightly for the week, and Closed strong on better economic news. Now the Markets are preparing for Higher Interest Rates, as Bonds, Utilities and Real Estate all have weakened (Relative Strength has … [Read more...]
Thursday Aug 4, 2016
08/04/2016 Daily Commentary: Markets are creeping back up to re-test Monday's High... FAILING soon should cause selling. The Strongest Leaders are already back up to re-testing the highs. The S&P 500 should drop down soon to test Support … [Read more...]
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