10/01 /2016: Markets were mixed for the week, as the S&P 500 is still trying to go back up to re-test the August high of 2194. If the S&P 500 does not blow thru the August highs, the Markets could be in trouble. Only the Semiconductors and Oil Stocks were strong this week.
Mixed, or sideways Markets indicate indecision from Investors… Apparently many are waiting until our Elections are over next month before making many changes. What we do know, is that Markets are about 5% Above the Green Line, so October could bring in some Selling, back down to the Green Line.
Many Leading Funds are now in the Red Zones (probably too late to Buy for the Short Term). We will wait for Green Zone Buys, when Money Waves > 20 . We will email you when they are ready.
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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