09/24/2017: Markets were up slightly for the week, but most Funds are back up in the Red Zones, so Nimble traders should be raising Cash. Most of the News has been GOOD, and Investors feel very confident. This is historically a “profit taking” recipe for the Short Term.
The Foreign Funds are slowly losing upward momentum, as the US Dollar is trying to bounce from over-sold levels.
The poor bounces of most Money Wave Buys recently indicates a very tired and over-bought Stock Market. A quick Oct dump to the Green Lines would be better for Short Term Trades.
Crude Oil was up 1.5% for the week, and GOLD was down 2%.
MONEY WAVE BUYS SOON: We are currently in 1 logged Open Positions, for the Short Term and 1 logged for Medium Term. There are 0 Investments on the Short Term Watch List, so be patient and WAIT!
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.
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Alert! Market Risk is Medium (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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