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August 20, 2017

Green Line Weekly Aug 20, 2017

IWM Chart
Small Caps are near the Green Line!

 

08/20/2017:  Markets were down again this week. The Money Wave Pops were poor, indicating that not many Buyers were left with the Markets near Highs. Now the Small Caps have corrected down near the Green Line, for a probably bounce soon. 

The Strongest Indices are the DOW and the TECH Indices, which are coming back down into their Green Zones.

When Money Wave Buy Signals occur soon, try to Buy the Leaders that recently made New Highs, and are also still Above the Red Lines (50-day avgs.) They tend to bounce the best.

Crude Oil was up for the week, and the US Dollar had a small bounce off New Lows.

 

MONEY WAVE BUYS SOON:    We are currently in 0 logged Open Positions,  and there are 5 Investments on the Short Term Watch List.  

Check out the new format of the Watch List,  Portfolio  & Closed Positions… Now with 2 Charts on many Investments.

 

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  & Inflation to pick up speed:

DBC   COMMODITY FUND   Waiting for Break Out Above $16.08.
IPI    INTREPID POTASH    Wait for Green Zone on Daily Chart.
JJC     COPPER FUND           Back in Red Zone, and Relative Strength finally got up to 90.
KOL    COAL FUND         Waiting for > 90 Relative Strength.
LL   LUMBER LIQUIDATORS   Wait for Green Zone on Daily Chart.
MDR    MCDERMOTT INT’L.  Waiting for > 90 Relative Strength.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO       Waiting for > 90 Relative Strength.

 

Click for  Portfolio (Open Positions)  
Click for  Watch List
Click for  Closed Positions

 

Alert! Market Risk is Medium (Yellow 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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