07/06/2016 Daily Commentary: Markets went down this morning, and bounced at the Pink Lines (10-day avgs.) The S&P should re-test recent highs of 2111 soon. A larger pull-back could happen soon if the S&P FAILS around 2111. Interest Rates dropped again.
Caution! Most of the Leaders are back up in the Red Zones.
Be careful in this Market, as current low Interest Rates are creating emotional & dangerous DECISIONS to be made.
Wait for Money Wave Buys in the Green Zones. Most Funds are back up in the Red Zones.
We will email you with the next Money Wave Buy Signals.
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.
Current Open Positions We have raised Sell Stop on XME to $25.00 on the Close.
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– Tuesday Jul 5, 2016 Market rally paused from falling Oil Prices
