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October 22, 2017

Green Line Weekly Oct 22, 2017

TNX Chart
If the Economy is really Good, Interest Should Start Up soon!

 

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%.

___________________________________________________________________________________________

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!

______________________________________________________________________________________________

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.

___________________________________________________________________________________________

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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– Green Line Weekly Oct 15, 2017

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