06/13/2016 Daily Commentary: Markets were down today,Ā as the LeadersĀ should return back down to the Green Zones. Last week, 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 later this week. S&P 500 should bounce soon near the Red Line (50-day avg.).
Be patient and Wait for Green Zone Buys.Ā Most Leading Funds were in or near the Red Zones (probably too late to Buy for the short term).Ā Ā Money Wave Buys soon for ALB, MTW,Ā OCLR & ARIA We will email when they are ready.
Many Funds are having trouble staying Above 90 Relative Strength. Markets are tired.
āReal Timeā ChartsĀ for Today
