07/09/2016 Weekly Commentary: Markets went down to the Green Lines on Tuesday, and then bounced up thru the Resistance of 2111 and Closed near the highs. Volume was not high, and many seem to be buying because Interest Rates collapsed for the week.
The Leaders are very over-bought, and Way Above the Green Lines. Tighten up your Sell Stops for Short Term Trades.
Be careful in this Market, as current low Interest Rates are creating emotional & dangerous DECISIONS to be made.
Wait for Money Wave Buys in the Green Zones. Most Funds are coming down from the Red Zones.
We will email you with the next Money Wave Buy Signals.
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.
Current Open Positions We have raised Sell Stop on XME to $25.50 and ALB to $82.00 on the Close.
