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November 5, 2017

Green Line Weekly Nov 5, 2017

DBC Chart
Commodity Fund DBC is trying to Break Out!

 

11/05/2017:  Markets were higher for the week, as Investors piled in on the Good News of better than expected Earnings and Tax Cut hopes.

If the Economy really is getting strong, then historically Commodity prices would rise. The Commodity Fund above is Close to Breaking Out, and could DOUBLE from here. But currently DBC is in the Red Zone, and the Volume is not huge, yet. We will see if Interest Rates and Inflation rise from here, where Commodities and Bonds could cause real competition with Stocks.

Most Leading Funds are back up in the Red Zones, so Nimble traders should be raising Cash.  We like to Buy when the Herd is SCARED, and Investments are ON SALE!

Crude Oil was up 3.20% for the week, and GOLD was unchanged.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:    We is currently in 3 logged Open Positions, for the Short Term. There is 1 Investment on the Short Term Watch List, so be patient and WAIT for Green Zone Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

The Funds below are currently out of favor, 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:

BITA   BITA HOLDINGS   Wait for Green Zone on the Weekly Chart.
DBC   COMMODITY FUND   Waiting for Break Out Above $16.08 on High Volume.
JJC     COPPER FUND           Volume is Super Low.
KOL    COAL FUND         Relative Strength is back Below 90.
LL   LUMBER LIQUIDATORS   Wait for Green Zone on Weekly Chart.
REMX   RARE EARTH FUND   Wait for Green Zone on Weekly Chart.
TWTR   TWITTER INC.   Waiting on Break Out Above $25.25.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO    Relative Strength is back Below 90.

___________________________________________________________________________________________

Click for  Portfolio (Open Positions)  
Click for  Watch List
Click for  Closed Positions

 

Alert! Market Risk is HIGH (Red Zone). The probability of successful Short Term Trades is lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.

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