07/19/2016 Daily Commentary: Markets stretched the rubber band even further from the Green Line, on emotional buying with average Volume. 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.
Current Open Positions We stopped out of XME with 16.4% gain, WCN 5.2% gain.
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. Money Wave Buys soon for TLT AGI CPE DLR PVG RICE & YNDX . 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.
