06/25/2016 Weekly Commentary: Markets FAILED below the early June high of 2121 on the S&P 500, and sold off. The S&P 500 should bounce soon near Support of 2026. Wait for Green Zone Buys.
The Markets were totally “faked out” on the results of the EU vote. Hopefully you were able to capture some gains, before the drop on Friday. Most of the Strongest Funds were back up in the Red Zones. There were some nasty drops on the momentum stocks on Friday. 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.
Money Wave Buy on Friday for TLT. Soon for BIG & STLD. We will email when they are ready.
Wait for Funds to return to their Green Zones. Many Funds are having trouble staying Above 90 Relative Strength. Markets are tired.