03/11/2018: Markets were up over 3% for the week, as the Indices go up to re-test the January Highs.
The very Strongest Leaders (NASDAQ 100 Index and Techs) are back up to new Highs, with the broader Indices lagging lower. Most of the Strongest Investments are in the Red Zones, so Short Term Investors should be raising Cash for a pull-back soon. The Long Term Trend is UP.
Bonds are bearish (Below the Green Line and Low Relative Strength) but are having a “dead cat” bounce up near the Red Line (50-day avg.)
The Inflation Index (CRB) is still trying to get back above the 196.36 Break Out level, which shows some weakness with Inflation. The US DOLLAR bounced off the Lows, and made it up to the Red Line.
Crude Oil was up 1.30% for the week at $62.05, and GOLD was mixed.
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MONEY WAVE BUYS SOON: We are currently in 2 logged Open Positions, for the Short & Medium Term. There are 0 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 currently out of favor and and some are having trouble with nice uptrends. 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 weekly Green Zone Buy.
JJC COPPER FUND Relative Strength is back Below 90.
KOL COAL FUND Wait for the next Green Zone Buy on the Daily Chart.
REMX RARE EARTH FUND Volume is too low. Wait to Buy near the Red Line.
RH RESTORATION HARDWARE Buy near the Green Line with a Sell Top Below.
SGMS SCIENTIFIC GAMES Buy near the Green Line with a Sell Top Below.
TWTR TWITTER INC. Broke Out Above $25.85. Wait to Buy near the Red Line.
VALE VALE DE RIO Wait for the next Green Zone Buy on the Daily Chart.
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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. The Strongest Investments should re-test their Highs from these Over-Sold levels.
Tell your Friends about the Green Line, and Help Animals.
QUESTION: Colin writes “I have followed the recommendations on Feb 2 buy signals and had the recommended stop loss. I have stopped out off all positions except OSTK. Ok that’s fine. But in your portfolio all positions are still open. How can that be? I am confused as I may have done something wrong.
Please help me to get that right.
Thanks
ANSWER: Sorry for the confusion Colin… The Investment must CLOSE below the Support or Stop Price, to avoid whipsaws by the sleazy market makers. Before the Close we send out the Money Wave Alert emails if there are any Changes to the Stops.
Please check the “SELLS TODAY” section of each email where we warn of positions being Stopped Out on the Close.
Also, the PORTFOLIO PAGE is kept current before the Close with current Stops (on the Close only).
Hope this helps.
AGL