07/13/2016 Daily Commentary: Markets edged higher today on more low Volume. The Leaders are not popping much like they did earlier this year. The S&P 500 broke out around 2130… Closing below that could be a “False Breakout” and cause selling. Markets should drop down soon to test Support around 2130.
The Leaders are very over-bought, and Way Above the Green Lines. Tighten up your Sell Stops for Short Term Trades.
Wait for Money Wave Buys in the Green Zones. Most Funds are coming down from the Red Zones.
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.
