11/26/2016: To find a good Investment opportunity, you need to look for FEAR! Last month before the Election, the Herd was scared of what might happen. Since then the DOW has bounced off the Green Line and rallied 1268 points. Now the FEAR is gone in Equities, so we must look elsewhere.
Markets were up for the week on low Holiday Volume, as the S&P 500 was able to surpass the August High of 2194 and Close at 2213. Most leading Funds are back in the Red Zones (probably too late to Buy for the short term), so RAISE CASH. We have a FED Interest Rate hike coming up soon, that most have forgotten about.
The US Dollar made a higher High this week, so the Gold Miners are still weak. There is FEAR in the Miners, as they have been correcting down 36% from the August highs. That is a lot, but remember, GDXJ had a run from $17 to $52 this year (205%), so a normal Wave 2 Correction is 38%. If the Elliott Wave count is correct, and GDXJ is going down on Wave 2, Wave 3 UP could go up to $91 from this low! Wait for strength and Buy Signal.
There is also FEAR in the Bonds as they are very over-sold, but Bonds are Below the Green Line with Low Relative Strength. They should bounce up some on Short Covering soon.
Be patient and wait for Money Waves Buys. We will email you when they are ready. Click for Watch List
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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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