06/11/2016 Weekly Commentary: Markets were down slightly for the week, as the S&P 500  had a ‘False Breakout’ at 2111, and Oil prices pulled back. Many Indices could not get above the April highs, indicating a lack of Buyers. Markets were very over-bought on the short term, and there should finally be some Money Wave Buy setups next week.

Interest Rates dumped on the weak World Economy, and are down near the February lows. Markets were very over-bought on the short term, and there should finally be some Money Wave Buy setups next week.

Be patient and Wait for Green Zone Buys. Most Leading Funds were in or near the Red Zones (probably too late to Buy for the short term).  Money Wave Buys soon for ALB, MTW, and OCLR. We will email when they are ready.

Many Funds are having trouble staying Above 90 Relative Strength. Markets are tired.

“Real Time” Charts for Today

06/09/2016 Daily Commentary:  Markets dropped down on the opening, as Oil prices pulled back and Bonds soared. Maybe another small rally in the morning, but Markets are very over-bought on the short term.   The S&P 500  has Support at the Pink Line (10-day avg.). . Closing below the 2111 Breakout could be “Bearish”.
The rally since the May 19th should be finished with Wave 5 up (See Chart). Then a pull-back, if tomorrow’s rally FAILS at Wednesday’s high of 2121.

Be patient and Wait for Green Zone Buys. Caution! Most Leading Funds are in or near the Red Zones (probably too late to Buy for the short term).  Many Funds are having trouble staying Above 90 Relative Strength. Markets are tired.

“Real Time” Charts for Today

06/08/2016 Daily Commentary:  The Volatility Index VIX was up today, maybe signaling that
Smart Money is Buying VIX for a pull-back in the Markets. Markets were up today, but they are very over-bought on the short term.   The S&P 500  was able to go slightly above the April Highs, but other Indices are lagging, and the Volume is poor. Closing below 2111 Breakout could be “Bearish”.
The rally since the May 19th is about to finished Wave 5 up (See Chart). Then a pull-back.

Caution! Most Leading Funds are in or near the Red Zones (probably too late to Buy for the short term). Wait for Green Zone Buys.  Many Funds are having trouble staying Above 90 Relative Strength. Markets are tired.

“Real Time” Charts for Today

06/07/2016 Daily Commentary:  Not much change today, as the Markets popped up more today, but closed weak. The bounce up at the Red Line (50-day avg.)  from two weeks ago might be over.  The S&P 500  was able to go slightly above the April Highs, but other Indices are lagging, and the Volume is poor. Failure to push higher soon could be a big ‘Double Top’.  The rally since the May 19th low probably finished with Wave 5 up TODAY or in the morning (See Chart). Then a pull-back.

Caution! Most Leading Funds are in or near the Red Zones (probably too late to Buy for the short term). Wait for Green Zone Buys.  Many Funds are having trouble staying Above 90 Relative Strength. Markets are tired.

“Real Time” Charts for Today

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06/06/2016 Daily Commentary:  Markets popped up more today, continuing the bounce up at the Red Line (50-day avg.)  from two weeks ago.  The S&P 500  was able to go slightly above the April Highs, but other Indices are lagging, and the Volume is poor. Failure to push higher soon could be a big ‘Double Top’.  The rally since the May 19th low should finish with Wave 5 up TOMORROW (See Chart). Then a pull-back.

Caution! Most Leading Funds are in or near the Red Zones (probably too late to Buy for the short term). Wait for Green Zone Buys.  Many Funds are having trouble staying Above 90 Relative Strength. Markets are tired.

“Real Time” Charts for Today