05/31/2016 Daily Comment: Markets were mixed today, as most of the Leaders on Page 1 & 2 are over-bought.
The S&P 500 needs to exceed the April Highs soon, or this could be a big ‘Double Top’.
Caution! Most Funds are back up in the Red Zones (probably too late to Buy for the short term).
Wait for Green Zone Buys. Gold Miners should bounce soon.
Many Funds are having trouble staying Above 90 Relative Strength.
05/27/2016 Weekly Commentary: Markets were up 2% for the Week, as the Major Indices bounced off the Red Lines (50-day avgs).
The S&P 500 needs to exceed the April Highs soon, or this could be a big ‘Double Top’.
Caution! Most Funds are back up in the Red Zones (probably too late to Buy for the short term).
Wait for Green Zone Buys. Gold Miners should bounce soon.
Many Funds are having trouble staying Above 90 Relative Strength.
05/26/2016 Daily Commentary: Markets stalled today, as many Funds are back up in the Red Zones (probably to late to Buy for the short term).
The S&P 500 needs to exceed the April high soon, or this could be a big ‘Double Top’. See Chart here.
Gold miners should bounce soon.
05/25/2016 Daily Commentary: Markets were up again today as the bounce off the Red Line (50-day average) continued. (See S&P Chart)
Volume was light as the holiday approaches.
Money Wave Buy on Wednesday for SYY
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