07/16/2017: Markets finally bounced off the Red Lines (50-day avg.) and are back up to the Highs. We will see if the S&P 500 can push higher this week. Most Funds are in the Red Zones, so Short Term Traders should be raising Cash.
Several of the FAANG Stocks (AAPL NFLX & GOOGL) as still Below their recent Highs.
The TECH Stocks held and bounced above the Red Lines (50-day avgs), but watch for FAILURE of those that cannot make New Highs.
Long Term Interest Rates continued higher this week, and the US Dollar made New Lows.
MONEY WAVE BUYS SOON: We are currently in 1 logged Open Position, after taking several profits. There is 1 Investment are on the Short Term Watch List.
LONG TERM TRADES – The Funds below are currently out of favor, but historically could possibly Double or more from these lower levels. We are looking for a good Entry Point for these, but need the entire Economy to pick up speed:
DBC COMMODITY FUND Waiting for Break Out Above $16.08.
DDD 3D SYSTEMS CORP. Waiting for Green Zone Pull-back.
IPI INTREPID POTASH Waiting for Break Out Above $3.04.
JJC COPPER FUND Waiting for > 90 Relative Strength.
KOL COAL FUND Waiting for > 90 Relative Strength.
LL LUMBER LIQUIDATORS Buy Above $25.62 on Close.
MDR MCDERMOTT INT’L. Waiting for > 90 Relative Strength.
UGA US GASOLINE FUND Waiting on Break Out Above $32.03.
VALE VALE DE RIO Waiting for > 90 Relative Strength.
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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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