07/27/2016 Daily Commentary: Markets were mixed today, even with the FED leaving Interest Rates unchanged. The S&P 500 is trying to hold above the Pink Line (10-day avg.).
The S&P 500 should drop down soon to test Support around 2130. Then it should have another bounce back up to re-test the current Highs. Bonds must maker Higher Highs soon, or they will correct.
Current Open Positions We bought KGC & RYI on Wednesday. NGD was up 8% today (bought Yesterday).
Money Wave Buys soon for NTDOY & OKE. 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.
