Happy Father’s Day!
06/18/2017: Markets were mostly mixed for the week, and the TECH Stocks are still battling it out at the Support of the Red Lines (50-day avgs). Money that has left the NASDAQ 100 and the Fab Five FAANG stocks appears to have rotated mainly into the 30 DOW Stocks.
The Techs should have nice bounces when their Money Waves return to the Green Zones (see Chart above).
Long Term Interest Rates and the US Dollar are Below the Green Lines on possible Economic weakness.
MONEY WAVE BUYS SOON: We are currently in 3 logged Open Positions, There are 7 Investments are on the Short Term Watch List and should be more soon.
LONG TERM TRADES – The Funds below are currently out of favor, but historically could possibly Double or more from these lower levels. We are looking for a good Entry Point for these, but need the entire Economy to pick up:
DBC COMMODITY FUND Waiting for Break Out Above $16.08.
DDD 3D SYSTEMS CORP. Waiting on a Pull-back.
IPI INTREPID POTASH Waiting for Break Out Above $3.04.
JJC COPPER FUND Waiting on a Green Zone Pull-back.
KOL COAL FUND Waiting for a Bounce off the Green Line.
LL LUMBER LIQUIDATORS Waiting on a Green Zone Pull-back.
MDR MCDERMOTT INT’L. Waiting for Bounce Up & Above 90 Relative Strength.
UGA US GASOLINE FUND Waiting on Break Out Above $32.03.
VALE VALE DE RIO Waiting for Bounce off the Green Line.
Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
Alert! Market Risk is High (Red Zone). The probability of successful Short Term Trades is lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.
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learning styles
Your style is really unique compared to other people I’ve read stuff from. Thank you for posting when you’ve got the opportunity, Guess I’ll just book mark this blog.