10/08 /2016: Markets were down for the week, but 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. Most Leading Investments are in the Red Zones (probably too late to Buy for the Short Term).
Treasury Bonds were recently at 40+ Year Highs, and last January, Commodities were at 13 1/2 year Lows.
How does this end, historically? Commodities will finally began another Bull Market, after almost 8 years of Fed Printing. Bonds will drop, as everyone owns them (kiss of death). So we are waiting for Commodities to begin their Bull, and meet the Green Line Rules. So far Gold Miners, Coal, Nat’l Gas, Sugar & Steel are in Bull, but Bonds are mainly watching the CRB Index for Bull.
Money Waves Buys soon for GDXJ GORO GRUB VEEV . We will email you when they are ready. Watch List
Charts for Leaders Current Open Positions Closed Positions
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.
QUESTION: I noticed you have GDXJ on the watch list while you say avoid CDE because sctr is below 90. GDXJ is also below 90.
Is the reason because this is a long term buy? They are both in the green zone above 20 and rising.
Thanks
ANSWER: Thank you for your question. Yes the SCTR Rank is only 14.7 on GDXJ.
We prefer to use the Relative Strength from www.ETFscreen.com as it is weighed more to the last 12 months.
SCTR from StockCharts is weighted more to the last few months.. we use it mainly because it is conveniently on the Charts.
Thank you.
Questions – what parameters do you use when you note on charts — Caution! Way Above the Green Line? Are you looking at a certain %, or some other factor? And does it depend in any way if it is a stock or ETF? Thank you. BTW- Thank you for your work, dedication, and kindness to animals.
Thank you!
Way Above the Green Line means that if you buy there, you will have a sick feeling when it RETURNS to the Green Line.
Are you referring to Elliott wave ? An can you tell me what 3 of 5 means on your chart.
thanks Lance
The chart here shows a rising 5-wave Elliott Wave sequence. The entire wave is up as it moves from the lower left to the upper right of the chart. Waves 1,3 and 5 are impulse waves because they move with the trend. Waves 2 and 4 are corrective waves because they move against this bigger trend. A basic impulse advance forms a 5-wave sequence.
Wave 3 up is usually the big POWER move up!
I’m wondering why GRUB is still showing in the list of open positions. Didn’t it get stopped out today?
Also, on another topic, when I click the Forum/Chat link at the top of the page, it takes me to the Home page. Is it not working?
Thanks so much!
Thank you. Please check now on GRUB… Running late on Daily email.
Oct 11 If you Stopped Out of GRUB today, you might consider buying back tomorrow. if it can hold above the Red Line of $39.52.
Looks like Buyers are coming in there.
Thank you!
Please send some profits to help animals!