05/20/2018: Markets were down slightly for the week, as most of the Indices were in the Red Zones (probably too late to Buy for the Short Term). The major indices ended with the Dow down 0.5%, the Nasdaq down by 0.7%, and the S&P 500 down by about 0.5%.
The major Indices are Above the Red Lines (50-day avgs.) and could re-test the Highs in a month or two. Closing Below the Red Lines would be “Bearish”.
The Long Term Trend is UP.
The Inflation Index (CRB) made New Highs this week at 203.69, and is in a mild Up-Trend.
Bonds are bearish (Below the Green Line and Low Relative Strength) and went back down near Final Support, before bouncing.
The US DOLLAR had a big run last month, and is back Above the Green Line, but over-bought.
MONEY WAVE BUYS SOON:
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.
SGMO SANGAMO THERA Wait for a Daily Close above $16.60, then use Green Line as Sell Stop.
SMH SEMICONDUCTOR FUND Wait for next Daily Money Wave Buy Signal.
TCEHY TENCENT HOLDINGS Wait for next Daily Money Wave Buy Signal.
REMX RARE EARTH FUND Buy when Daily Closes above $28.62.
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.