Tuesday Jul 5, 2016 Market rally paused from falling Oil Prices

POST UPDATED: February 10, 2024

Table of Contents

07/05/2016 Daily Commentary: Markets dropped slightly today, as most of the Leaders are back up in the Red Zones. S&P should re-test recent highs soon.
Oil prices dropped 5% today, and Interest Rates plunged to new lows.

Bonds blew up to new highs, and Gold made new Highs. HUH?  Somebody will be wrong.
Be careful in this Market, as current low Interest Rates are creating dangerous DECISIONS to be made.

Wait for Money Wave Buys in the Green Zones. Most Funds are back up in the Red Zones.
Many Funds are having trouble staying Above 90 Relative Strength.

Markets are tired. We would like to warn you: 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.

“Real Time” Charts for Today

Current Open Positions  We have raised stop on XME to $24.25 on the Close.

Real Estate ETF very over-bought from low Interest Rates.
Real Estate ETF is very over-bought from low Interest Rates.

Related Post

7/2/2016 Weekly Commentary

Become a Greenliner. Join Today

Candlestick. A Swing Traders Friend

A snapshot of the daily updates that help traders stay aligned with market direction.

⚠️ We're upgrading your experience.

Our site is currently being updated. You may notice some changes over the next week 

What to expect during this period:

  • Some pages may load slowly or look slightly different as updates are rolled out
  • Occasional brief interruptions may occur — we’ll do our best to minimise these
  • Your trading signals and core member resources will remain accessible throughout
 
Please reach out if you need any assistance. Thank you for your patience!