08/27/2016: Markets were down for the week after failing twice at the 2194 high. The S&P 500 should drop down to test Support around 2130. With the Markets Way Above the Green Lines, and the Volatility Index VIX very low, a pull-back will happen on some Bad News… Wait for it.
US Steel X and Metals & Mining Index XME are back down in the Green Zone for Money Wave Buys Soon. We plan on making up the loss we took on it last week, as the Relative Strength is still above 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: We bought BBD & CDE on Friday.
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.