09/05/2016: Markets were up 1/2 % for the week after bouncing again at the Red Lines (50-day avgs). 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.
Once again we got weak economic news, where the FED probably won’t raise rates in September. This should cause the Dollar to drop again, and should be Bullish for Gold and Metals & Mining Index XME .
There is not much on the Watch List Page , as we are already in 7 Current Positions.
Money Wave Buys: We bought AG on Friday, and are waiting to see if GDX will fade back down soon to around $26 to Buy. (GDX has bounced 8% from recent Support).
Wait for Money Wave Buys coming out of the Green Zones. We will email you when they are ready.
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.
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