09/10/2017: Markets were down slightly for the week, on mild selling. The major Indices are still re-testing the early August Highs. Most Funds were in the Red Zones, but some are quickly returning to their Green Zones for Money Wave Buys soon. AAPL is in the Green Zone before the iPhone 8 preview on Sep 12th, but the Relative Strength is back Below 90.
The US Dollar has been dumping (see Chart above), which can be good for the TECH and BioTech Indices which were able to make new Highs this week. But the weak Dollar and strong Bonds could indicate a slowing Economy.
We added a new Rare Earth Fund (REMX) to the Long Term Watch List. The stronger Commodities like Copper and Coal also made New Highs. We are waiting to see how they hold up if the Dollar has a bounce up towards the Green Line.
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 Back in Red Zone, but Relative Strength finally got up to 90.
KOL COAL FUND Wait for Green Zone on Daily Chart.
LL LUMBER LIQUIDATORS Wait for Green Zone on Daily Chart.
REMX RARE EARTH FUND Wait for Green Zone 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.
Alert! Market Risk is Medium (Yellow 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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