06/24/2018: Markets were down for the week, as the Large Cap DOW & S&P 500 Indices struggled. Quarterly Earnings are starting to come out. For the week, the Dow ended down about 2%, the S&P 500 ended 0.9% lower, and the Nasdaq finished 0.3% lower.
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) was up 0.66% after bouncing off the Green Line to stay in a mild Up-Trend.
Bonds were mixed for the week, just Below the Green Line and are Bearish.
The US DOLLAR was near the Highs for the year, and pulled back 0.36%.
Crude Oil was up 5.41% for the week at $68.58, and GOLD was down 0.61%.
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MONEY WAVE BUYS SOON:
We are currently in 4 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.
Be patient and WAIT for Green Zone Buys!
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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.)
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.
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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 higher, when the S&P 500 is down near the Green Line.
Tell your Friends about the Green Line, and Help Animals.
QUESTION: Mark writes “Hello, new subscriber here. You system looks great, I love the lack of complexity.
Wondering if you ever are okay with people buying the day or two before a complete signal, if it’s looking very likely the signal will be met? I see that it looks like when the signal is greenlighted it’s often perhaps too late to get in. Thank you.”
ANSWER: Yes, sometimes the Strongest Investments never Close in the Green Zone, and bounce back up again. It is OK for you to Buy early and break the Rules, but only if you put in a real Sell Stop Loss below your Buy Price. Many subscribers use the 60-min Chart Signals to jump the gun.
But for all Followers, we follow the Rules strictly, so we all agree on the Buy & Sell prices.
Why are some stocks that are listed in the portfolio also show up in the closed positions. Example URBN
Hi Ted, and thank you for writing.
The Money Wave System bought URBN on 2018-03-15 at $35.38 and sold on 2018-04-05 at $38.55 for an 8.96% Gain.
Now the Money Wave System has bought URBN again on 2018-06-20 at $46.32.
Good trading, and tell your friends!