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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