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August 16, 2016

Tuesday Aug 16, 2016

08/16/2016 Daily Commentary:  Markets dropped slightly today, as Buyers are about out of $$$.  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.

Utilities have dumped on expectations of Higher Interest Rates.

Current Open Positions  Money Wave Buys soon for AG  AKS   CLF  SLV  &  X.  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

Utilities say Interest Rates are going up soon!
Utilities say Interest Rates are going up soon!

Posted By AbovetheGreenLine at 5:30 pm 2 Comments

Comments

  1. lswov005 says

    August 17, 2016 at 9:25 am

    I can’t access the open positions and other things. Says I am not authorized?

    Log in to Reply
    • AbovetheGreenLine says

      August 17, 2016 at 10:14 am

      Now we show your sign up.
      Try logging in again.T
      Thank you.

      Log in to Reply

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