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.