Thursday Aug 25, 2016

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

Current Open Positions

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.

“Real Time” Charts for Today

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).