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!
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.
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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