Tuesday Jul 5, 2016 Market rally paused from falling Oil Prices

POST UPDATED: February 10, 2024

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07/05/2016 Daily Commentary: Markets dropped slightly today, as most of the Leaders are back up in the Red Zones. S&P should re-test recent highs soon.
Oil prices dropped 5% today, and Interest Rates plunged to new lows.

Bonds blew up to new highs, and Gold made new Highs. HUH?  Somebody will be wrong.
Be careful in this Market, as current low Interest Rates are creating dangerous DECISIONS to be made.

Wait for Money Wave Buys in the Green Zones. Most Funds are back up in the Red Zones.
Many Funds are having trouble staying Above 90 Relative Strength.

Markets are tired. We would like to warn you: 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.

“Real Time” Charts for Today

Current Open Positions  We have raised stop on XME to $24.25 on the Close.

Real Estate ETF very over-bought from low Interest Rates.
Real Estate ETF is very over-bought from low Interest Rates.

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7/2/2016 Weekly Commentary

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