10/22/2017: Markets squirted higher for the week, as Investors piled in on the Good News of better than expected Earnings and Tax Cut hopes.
Historically with an improving Economy, Interest Rates and Inflation would rise. This month, the FED is scheduled to begin Selling back the $4.5 Trillion of Debt that they bought over the last 8 years. We will see if that causes Interest Rates to Rise, and compete with Stocks.
Most Funds are back up in the Red Zones, so Nimble traders should be raising Cash. Consumer Confidence is at a 13 year high, so the Herd feels great. We like to Buy when the Herd is SCARED, and Investments are ON SALE!
Crude Oil was up 0.76% for the week, and GOLD was up 1.85%.
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MONEY WAVE BUYS SOON: We is currently in 0 logged Open Positions, for the Short Term. There are 5 Investments 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 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.
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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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