06/29/2016 Daily Commentary: Markets bounced more today, as many Funds & Indices went into Money Wave Buys. Volume was lower, so the S&P 500 should go back down soon to re-test Monday’s lows.
Money Wave Buys on Wednesday for ALB, BBG, CPE, WPX, & XME We did not log CPE & WPX, as both were already up more than 5% today.
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.
