07/16/2016 Weekly Commentary: Markets were higher again for the third week, after going down and bouncing off the Green Line. Volume on the rally has been poor, and Interest Rates have quit declining. Leaders are not popping much. The S&P 500 broke out around 2130… Closing below that could be a “False Breakout” and cause selling. Markets should drop down soon to test Support around 2130.
The Markets are on Highs, but we are having trouble finding many Investments that are making New Highs + Above 90 Relative Strength. (Warning?)
The Leaders are very over-bought, and Way Above the Green Lines. Tighten up your Sell Stops for Short Term Trades.
Wait for Money Wave Buys in the Green Zones. Money Wave Buys soon for TLT IAU DLR & YNDX . We will email you with the next Money Wave Buy Signals.
Many Funds are having trouble staying Above 90 Relative Strength.
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.
Current Open Positions Our Sell Stops are very tight now!
