08/02/2016 Daily Commentary: Markets finally broke the Pink Lines (10-day avgs.), and some selling came in. The Strongest Leaders should go up once more. The S&P 500 should drop down soon to test Support around 2130.
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.