09/10/2016: Markets were down for the week, after Failing to exceed the mid August High of 2194. This was a short term Double Top, and selling came in. The S&P 500 has finally dropped down to TEST the 2130 Support of May 2015.
Bonds weakened, and broke the Red Line (50-day avg.) so Interest Rates rose.
Money Wave Buys: We are watching AMD GDX and SMH to Buy soon. We will email you when they are ready. Watch List Page
Current Open Positions – None
Alert! Market Risk Medium (Yellow 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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