Market-2

S&P 500 held Support today!

 

10/13/2016:  Markets were down today as the  S&P 500 banged off Support around 2119 and bounced.  We are finally getting more Investments in the Green Zones besides the Gold Miners. 

The Strongest Leaders below have corrected down near their Red Lines (50-day avgs.) and should go back up and re-test their Highs.

Average Investments that are currently Below the Green Line, and have not made Highs recently, Should BE SOLD soon.

Money Wave Buy today for  GORO.

Money Waves Buys soon for NTAP   ADSK   AGEN  AMAT  AMKR   HPE  OCLR  SMH  SRPT  WPX   YELP.  
We will email you when they are ready.  Watch List   

Current Open Positions   Closed Positions      Charts for Leaders 

 

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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– Tuesday Oct 11, 2016

 

10/11 /2016:  Markets were down today as the  S&P 500 closed back below the Red Line (50-day average). The S&P should hold Support around 2119.  We are finally getting more Investments in the Green Zones besides the Gold Miners. 

Money Wave Buy today for GDXJ.  (Yes, the Money Wave did dip down below 20 on the Close… Therefore we are lowering the Sell Stop just below the Green Line to $36, until the Miners completely turn up.

We stopped out of GRUB (looks like Sell Stop was 7 cents too tight), but it is trying to Hold the Red Line…
We might Buy back in the morning, and we will send out email if so.

 

Money Waves Buys soon for AMAT  GORO   NTAP   NVDA   WPX   YELP .  We will email you when they are ready. Watch List   

Current Open Positions   Closed Positions      Charts for Leaders 

 

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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– Weekly Commentary Oct 8, 2016

 

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.

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– Thursday Oct 6, 2016

 

10/06 /2016:  Markets were mixed today as the US Dollar popped up more on a possible Fed Raise later this year. The S&P 500 closed back above the Red Line (50-day average), but Bonds were down.  Oil has had a big run after the OPEC cut.

If the Gold Miners can bounce around the Green Lines soon, they could make it back up to the August Highs again in a few months… Don’t forget that GDX Weekly was $66 just 4 years ago ( now $23.00). We might Buy GDX for a  Long Term Buy soon.

Money Wave Buys soon for GDXJ GORO GRUB &  VEEV    We will email you when they are ready. Watch List

Caution! Most investments are currently very over-bought and in the Red Zones. Wait for Green Zone Buys.   

Current Open Positions   Closed Positions      Charts for Leaders 

 

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.

 

QUESTIONS: Anthony asks:  But don’t you send out “Sell” emails too?

ANSWER:   Thank you for your comments, Anthony.

The Rules need to be clarified… there are 3 Sell Stop Categories after an Investment has been bought.

1. Immediately after Buy, place Sell Stop below the recent “Swing Low” (Support).

2. After the Money Wave > 50, if it is going to CLOSE below where you Bought it, GET OUT!

3. When the Money Wave > 80, if it is going to CLOSE below the Pink Line (10-day avg.) GET OUT!

Please keep the Current Open Positions link handy (it is in your emails, and on the menu of web site).

This link is now Color Coded… THE STOP LOSS column is kept current… It Row is Yellow or Red, EXIT if it is 
going to CLOSE below that value.

We are working on a System to implement this into the Intra-day emails.

Thank you.
 

 

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– Tuesday Oct 4, 2016

 

10/04 /2016:  Markets dropped today as the US Dollar popped up. The S&P 500 closed below the Red Line (50-day average), and Bonds were down also.

The Gold Miners got whacked hard today, but the Relative Strength on the Gold Miner Index is still 93 GDX and Junior Minors is 97 R S GDXJ.

If the Gold Miners can bounce around the Green Lines soon, they could make it back up to the August Highs again in a few months… Don’t forget that GDX was $66 just 4 years ago ( now $23.40). We might Buy GDX for a Long Term Buy soon.

Money Wave Buy on OCLR today, but we did not log it, as it is too Close to the Highs (not good Reward/ Risk). Current Open Positions

Money Wave Buys soon for BABA CLF GDX & TCK   We will email you when they are ready.    Watch List Page 

We stopped out of CDE and GDXJ with nasty losses, but should be able to make those back up soon if the Miners hold here.

Closed Positions      Charts for Leaders 

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

Related Post

– Weekly Commentary Oct 1, 2016