07/01/2018: Markets were down again this week, as the Large Cap DOW & S&P 500 Indices FAILED to make New Highs. The NASDAQ 100 and Small Cap Indices were able to make New Highs recently. For the week, the Dow and S&P 500 lost 1.3% each, the Nasdaq fell 2.4%, while small-cap Russell 2000 dropped 2.5%.
Many are worried that a Trade War would slow down the Economy. The Copper Fund above should tell us soon if the Economy is just correcting, or actually going to Slow Down. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was up 1.43% after bouncing off the Green Line to stay in a mild Up-Trend.
Bonds were up for the week, and Closed Above the Green Line which is forecasting Economic weakness.
The US DOLLAR made New Highs for the year, and then pulled back slightly.
Crude Oil was up 8.12% for the week at $74.15, and GOLD was down 1.27%.
MONEY WAVE BUYS SOON:
We are currently in 9 logged Open Positions, for the Short & Medium Term. There are 4 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buys!
LONG TERM TRADES
The Funds below are correcting down to their Green Lines, but the Relative Strength is remaining high. These tend to Bounce nicely when the weekly Money Wave crosses up > 20.
FCAU FIAT CHRYSLER Wait for Weekly Money Wave Close > 20.
IBKR INTERACTIVE BROKERS Wait for Weekly Money Wave Close > 20.
IOVA IOVANCE BIOTHERA. Wait for Weekly Money Wave Close > 20.
SCCO SOUTHERN COPPER Wait for weekly Close Above the Red Line of $51.56 (50-day avg.)
Two positions in the Long Term Watch List dropped below the Green Line: SGMO SANGAMO THERA and WB WEIBO CORP.
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Alert! Market Risk is Medium (Yellow Zone). The probability of successful Short Term Trades is higher, when the S&P 500 is down near the Green Line.
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