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August 4, 2016

Thursday Aug 4, 2016

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.

“Real Time” Charts for Today

S&P might be FAILING here.
S&P might be FAILING here.

Posted By AbovetheGreenLine at 6:41 pm Leave a Comment

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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