08/04/2016 Daily Commentary: Markets are creeping back up to re-test Monday’s High… FAILING soon should cause selling. The Strongest Leaders are already back up to re-testing the highs. The S&P 500 should drop down soon to test Support around 2130.
Current Open Positions We had Money Wave Buys on Thursday for AMD & TXN, but did not log them because they are still so extended.
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. Many Funds are having trouble staying Above 90 Relative Strength.
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