01/21/2018: Markets were up again for the week, as the Dow rose 1%, the Nasdaq 100 gained 1.12%, the S&P 500 added 0.90%, and the small-cap Russell 2000 increased by 0.28%. Many are hoping that better Earnings will push the Markets higher.
Interest Rates and Inflation are also moving up, which historically is what causes Bull Markets to end (eventually there will be Competing Investments for Stocks and Bonds).
Bonds fell as the yield on the 10-year Treasury rise to 2.54%. This rise in rates affects the Mortgage market.
Steel Stocks have Broken Out, and should be good on the next pull-back (FCX VALE X)
Crude Oil was down 1.54% for the week at $63.31, and GOLD was down 0.13%.
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MONEY WAVE BUYS SOON: We are currently in 2 logged Open Positions, for the Short Term. There are 4 Investments on the Short Term Watch List, so be patient and WAIT for Green Zone Buys!
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LONG TERM TRADES
The Funds below are currently out of favor, but historically these 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 Relative Strength is back Below 90.
FCX FREEPORT MCMORAN Wait for the next Green Zone Buy on the Daily Chart.
GRPN GROUPON INC. Wait for Break Out above $5.99 on High Volume.
JJC COPPER FUND Wait for the next Green Zone Buy on the Daily Chart.
KOL COAL FUND Wait for the next Green Zone Buy on the Daily Chart.
REMX RARE EARTH FUND Wait for Green Zone Buy on the Daily Chart.
TWTR TWITTER INC. Wait on Break Out Above $25.85.
UGA US GASOLINE FUND Volume is too low… Break Out Above $33.07.
VALE VALE DE RIO Wait for the next Green Zone Buy on the Daily Chart.
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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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