04/01/2017: REALITY CHECK TIME. Since the Trump Rally began on Nov 8th (or when the Market bounced off the Green Line), the S&P 500 is up 10.8%. If you are expecting more upside on the Markets without a pull-back, you will probably be disappointed.
The most recent Money Wave Pops this week have been small, because most of the Buyers are in the Markets… Their Money has been placed. There is not an Unlimited amount of Money, because the Professionals will take profits and try to make more by trading the Over-Bought zigzags.
You should look forward to a Correction, so the Money Wave Pops will be larger again.
Since the Trump Rally began, we have completed 40 Short Term trades, averaging 2.26% per trade, with 23 wins & 17 losses.
The Long Term Portfolio is struggling, as the Herd continues to pile in the favorite companies selling at 5-10 times Book Value. They won’t touch the discounted Tangible sectors like Steel, Oil, & Copper companies, of which many are selling at or below Book Value (until Inflation finally comes back).
Markets were up for the week, as the major Indices bounced off of the Red Lines, and are going back up to re-test the early March highs. The Financials might not make it back up, indicating a Correction soon.
Crude OIL was up 5% for the week, as it bounced at the Green Line. Oil needs to Close above $55.24 for a Bull to begin.
MONEY WAVE BUYS SOON: There are 9 Open Positions, and 3 Investments are on the Watch List.
ON DECK to Buy soon: CLVS CLOVIS ONCOLOGY, ESPR ESPERION THERA, &, INCY INCYTE CORP.
Wait for GREEN ZONE BUYS. We will email or text when they are ready.
LONG TERM TRADES – We are looking for a good Entry Point for these, which could possible Double:
IPI INTREPID POTASH Waiting for Break Out Above $3.04.
JJC COPPER FUND Waiting on a Pull-back.
KOL COAL FUND Waiting for a Pull-back.
MDR MCDERMOTT INT’L. Waiting for Bounce Up.
Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
Alert! Market Risk 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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