07/25/2016 Daily Commentary: Markets dropped slightly today s Crude Oil fell further. The 3 week rally off the Green Line is getting tired… Maybe another try of the Highs again tomorrow.
Markets should drop down soon to test Support around 2130. The S&P 500 broke out around 2130, which should be current Support. Then probably another bounce back up to re-test the current Highs
Current Open Positions We stopped out of CPE, RICE & SPN as Oil dropped.
Money Wave Buys soon for AGI KGC NGD NTDOY OKE & RSX. 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.
