10/06 /2016: Markets were mixed today as the US Dollar popped up more on a possible Fed Raise later this year. The S&P 500 closed back above the Red Line (50-day average), but Bonds were down. Oil has had a big run after the OPEC cut.
If the Gold Miners can bounce around the Green Lines soon, they could make it back up to the August Highs again in a few months… Don’t forget that GDX Weekly was $66 just 4 years ago ( now $23.00). We might Buy GDX for a Long Term Buy soon.
Money Wave Buys soon for GDXJ GORO GRUB & VEEV We will email you when they are ready. Watch List
Caution! Most investments are currently very over-bought and in the Red Zones. Wait for Green Zone Buys.
Current Open Positions Closed Positions 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.
QUESTIONS: Anthony asks: But don’t you send out “Sell” emails too?
ANSWER: Thank you for your comments, Anthony.
The Rules need to be clarified… there are 3 Sell Stop Categories after an Investment has been bought.
1. Immediately after Buy, place Sell Stop below the recent “Swing Low” (Support).
2. After the Money Wave > 50, if it is going to CLOSE below where you Bought it, GET OUT!
3. When the Money Wave > 80, if it is going to CLOSE below the Pink Line (10-day avg.) GET OUT!
Please keep the Current Open Positions link handy (it is in your emails, and on the menu of web site).
This link is now Color Coded… THE STOP LOSS column is kept current… It Row is Yellow or Red, EXIT if it is
going to CLOSE below that value.
We are working on a System to implement this into the Intra-day emails.
Thank you.
I noticed you have gdxj on the watch list while you say avoid cde because sctr is below 90,gdxj is also below 90 ,Is the reason because this is a long term buy? They are both in the green zone above 20 and rising. thanks
Thank you for your question. Yes the SCTR Rank is only 14.7 on GDXJ.
We prefer to use the Relative Strength from http://www.ETFscreen.com as it is weighed more to the last 12 months.
SCTR is weighted more to the last few months.. we use it mainly because it is conveniently on the Charts.
Thank you.
AGL