06/01/2016 Daily Commentary: Markets were mixed again today, as most of the strongest Leaders inched higher, but are over-bought. The S&P 500 needs to exceed the April Highs soon, or this could be a big ‘Double Top’.
Caution! Most Funds are coming down from the Red Zones (probably too late to Buy for the short term).Wait for Green Zone Buys. Money Wave Buy soon for KGC on Page 13. Gold Miners should bounce soon.
Many Funds are having trouble staying Above 90 Relative Strength.
