07/21/2016 Daily Commentary: Markets finally pulled back down to the Pink Lines (10-day avgs.) Markets should bounce here and go back up to test the recent highs. Failing to make Higher Highs should cause selling.
Then the Markets should drop down to test Support around 2130. The S&P 500 broke out around 2130, which should be current Support.
Current Open Positions We bought SLV & SPN on Thursday. We did not log FMSA, as it was already up 8% near the Close. We stopped out of ALB today with a 6.5% gain today.
Money Wave Buys soon for IYZ AGI DLR EGO PVG & YNDX . We will email you with the next Money Wave Buy Signals.
Many Funds are having trouble staying Above 90 Relative Strength.
When Markets are tired like they are now, either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.
