10/01/2017: Markets were back up to the Highs for the week, as the Small Caps and S&P 500 made Higher Highs. The DOW Index and NASDAQ 100 did not make Highs, as money has been rotating out of the over-bought sectors and into the weaker areas.
Most Funds are back up in the Red Zones, so Nimble traders should be raising Cash. The Markets had a good run recently to end the 3rd quarter.
The Foreign Funds are slowly losing upward momentum, as the US Dollar has had a bounce up to it’s Red Line.
Crude Oil was up 2% for the week, and GOLD was down 1%.
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MONEY WAVE BUYS SOON: We are currently in 0 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!
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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.
JJC COPPER FUND Relative Strength is back Below 90.
KOL COAL FUND Relative Strength is back Below 90.
LL LUMBER LIQUIDATORS Wait for Green Zone on Daily Chart.
REMX RARE EARTH FUND Wait for Red Line on Daily Chart.
UGA US GASOLINE FUND Waiting on Break Out Above $32.03.
VALE VALE DE RIO Break Out Above $11.39 on High Volume.
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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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Tell your Friends about the Green Line, and Help Animals.
QUESTION: Tim writes “What is the Spread Indicator?”
ANSWER: The Spread Indicator is just a VISUAL, where you have the Upside Down XIV (-XIV) on top of the XIV Chart.
Spread Wide apart, would normally mean that the XIV is Over-Sold and should bounce… Narrow Spread means XIV is Over-Bought, and you should probably take profits soon.
To make your own Spread Indicator:
Click on the center of the Chart to go to Settings. Under “Indicators” tab, select Price, then Parameters is -XIV, Position is Below
Add another, select Price, then Parameters is XIV, Position is Below Make Blue Box for color…
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Hi, Joanne,
THanks for the “Spread Indicator” tip today.
Can we construct the same for SPY, QQQ, DIA for buy signal ?
Or is it good for VIX or inverse only ?
THanks,
Walter
Yes, the Spread Indicator works on all Investments.
The XIV Chart was just an example, to show you how to make your own Charts. It is not timely Indicator, more longer term.
Many more Spreads on StockCharts/AbovetheGreenLine.
Thank you.