Small Cap Index likes Trump Win!
11/19/2016: Markets were mixed for the week as the S&P 500 is back up near the August Highs, and Resistance of 2194. Failure to make new Highs soon could Selling.
The US Dollar made a higher High this week, so the Gold Miners are still weak. The Dollar should correct soon.
Bonds are very over-sold, and should bounce up some on Short Covering soon.
Most leading Funds are back in the Red Zones (probably too late to Buy for the short term), so RAISE CASH.
Money Waves Buys soon for CSX and VALE/P. We will email you when they are ready.
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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.
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So this is a sell at 92?
The Small Cap Index IWM would be in a confirmed Bear Market, if it Closed below $92.59. We would Sell a Long Position on IWM much earlier than that, depending on the type Investor you are (Short, Medium of Long Term).
Our Rules would have you out when it Closes below Pink, Red or Green Lines, depending on the type Investor you are.