HAPPY FATHER’S DAY to all of the Dads!
06/17/2018: Markets were mixed for the week, as the DOW was down, S&P 500 was flat , and the NASDAQ 100 and Small Caps made new Highs. The NASDAQ 100 and Small Caps are not hurt by higher Interest Rates, but the Big Cap Stocks are struggling.
The DOW & S&P 500 Indices need to make Higher Highs soon for this rally to continue. Closing Below the Red Lines would be “Bearish”. The Long Term Trend is UP.
The Inflation Index (CRB) dropped 3.25% below the Red Line (50-day avg.) but is still in a mild Up-Trend.
Bonds were up slightly for the week, just Below the Green Line and are Bearish.
The US DOLLAR bounced near the Red Line and is up at the Highs for the year.
MONEY WAVE BUYS SOON:
We are currently in 5 logged Open Positions, for the Short & Medium Term. Many of the Leading Investments are back up in the Red Zones. There are 5 Investments on the Short Term Watch List. (Retail & Energy).
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.
IOVA IOVANCE BIOTHERA. Wait for Weekly Money Close > 20.
SCCO SOUTHERN COPPER Wait for weekly Close Above the Red Line of $51.56 (50-day avg.)
SGMO SANGAMO THERA Wait for a Daily Close above $16.90, then use Green Line as Sell Stop.
WB WEIBO CORP. Buy if Closes above $112.03.
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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