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August 15, 2016

Monday Aug 15, 2016

08/15/2016 Daily Commentary:  Markets are wearing investors out, who can’t wait for a pull-back. Higher Highs on low Volume…  Looks 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 up is complete, the S&P 500 should drop down to test Support around 2130.

Current Open Positions  We bought XME and FCX today. We did not log RICE as it was already up 6% at the Close.

Money Wave Buys soon for AKS   CLF  X   &   Z   We will email you when they are ready.

When the Market breadth is narrow like it is now (few new highs), either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.

“Real Time” Charts for Today

Why has Coal Doubled since Jan?
Why has Coal Doubled since Jan?

Posted By AbovetheGreenLine at 5:45 pm 3 Comments

Comments

  1. PoulsboTrader says

    August 15, 2016 at 6:08 pm

    So why has coal doubled since February?

    Log in to Reply
    • AbovetheGreenLine says

      August 15, 2016 at 9:03 pm

      Betting on Always Trump?

      Or because huge Bear in Coal is about over…

      Log in to Reply

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  1. fifa 17 points says:
    October 28, 2016 at 2:09 pm

    fifa 17 points

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Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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