08/17/2016 Daily Commentary: Markets rose slightly again today, as the Markets creep back up to re-test last Friday’s Highs. Looks like the S&P 500 is about to complete Wave 5 up, since the bounce off the Green Line in late June. After Wave 5 up is complete, the S&P 500 should drop down to test Support around 2130.
Crude Oil has had a big bounce off the Higher Low in early August.
Current Open Positions Money Wave Buys soon for ALB AG CLF & TAHO We will email you when they are ready.
When the Market breadth is narrow like it is now (few new highs), either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.
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– Wednesday Aug 17, 2106 Markets are still Holding the 10-day Average!