07/22/2016 Weekly Commentary: Markets are going up, because Bonds have gone PARABOLIC, and Interest Rates have collapsed. A “Parabolic Curve” like Bonds are in, DOES NOT END WELL (see attached Bond Chart). When Commodity prices bottom after making 13 year Lows, Bonds should peak.
Markets should drop down soon to test Support around 2130. The S&P 500 broke out around 2130, which should be current Support. Then probably another bounce back up to re-test the current Highs
Current Open Positions We bought IYZ PVG & YNDX on Friday. We did not log DLR as it was already up 4% near the Close.
Money Wave Buys soon for AGI EGO KGC & NTDOY . 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.
