08/25/2016 Daily Commentary: Markets were down again today after failing at the 2194 high of last week. 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.
US Steel X is back down in the Green Zone for a Money Wave Buy Soon. We plan on making up the loss we took on it last week, as the Relative Strength is still 95.
There are some juicy Gold Miners coming down to be bought again soon! Wait for Money Wave Buy Signals here on our Watch List Page . The Strongest that hold above the Red Lines (CHARTS) should bounce the best. We will email you when they are ready.
Money Wave Buys soon:
|
Symbol
|
Name | Industry | SCTR |
Universe
|
Close | Volume | |
| AG | First Majestic Silver | Mining | 99 | Small | 13.12 | 7,237,375 | |
| SID | Siderurgica | Basic Materials | 95 | Small | 2.71 | 3,500,000 | |
| YNDX | Yandex N V | Internet | 90 | Medium | 22.14 | 1,400,000 | |
| GDX | Gold Miners Index | Mining | 98 | Large | 27.31 | 21,000,000 | |
| ILF | Latin America ETF | Country Fund | 95 | Medium | 28.51 | 1,400,000 | |
| EWZ | Brazil Fund | Country Fund | 98 | Medium | 33.35 | 19,000,000 | |
| BBD | Banco Bradesco | Bank | 97 | Medium | 8.71 | 10,800,000 | |
| CDE | Coeur D Alene | Silver Mining | 99 | Medium | 13.34 | 6,400,000 | |
| NGD | New Gold Inc. | Mining | 91 | Medium | 5.12 | 5,100,000 | |
| PAAS | Pan Am Silver | Silver Mining | 95 | Medium | 18.09 | 3,400,000 | |
| X | U S Steel | Basic Materials | 96 | Medium | 20.07 | 9,200,000 | |
| Link to all Charts |
Alert! Market Risk High. 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.
Next Home Runs or Doubles will probably NOT BE in STOCK OR BOND FUNDS… It will probably Inverse Funds or Commodity Funds. ( Coal, Copper, Gasoline, Oil, Steel, etc, but they don’t meet the Rules, yet).