Weekly Commentary Jul 2, 2017

 

Monday July 3, 2017 is a Early Close Market Day: 1:00 pm EDT.

07/02/2017:  Markets were mixed for the week, but the TECH Stocks went back down to the Support of the Red Lines (50-day avgs). Many Investments are back down in the Green Zones (probably too late to Sell for the Short Term). 

Long Term Interest Rates and Commodity  prices turned up this week, as Crude Oil rallied 7%. The Commodity Funds still do not have high enough Relative Strength to add positions back into the Long Term Portfolio. (See Long Term Trades below).

 

MONEY WAVE BUYS SOON:    We are currently in 3 logged Open Positions,  There are 10 Investments 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:

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    Waiting on a Green Zone Pull-back.
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.

 

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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Tell your Friend about us, and HELP ANIMALS.

 

QUESTION: Toby writes “just wondered if stops on NVDA and EA are hard stops or after the close?”

ANSWER:  Thanks for writing!

Buys & Sells are normally based on CLOSING Prices (Closing Below Swing Low or Below Buy Price, or Below Pink Line).

If it looks like a Sell will be bought right back in the next day or so, sometimes we will LOWER the SELL STOP LOSS
(By text or email notification 15-30 minutes before the Market Close).

You should also follow the Portfolio List for current updates during the Day. This link is on each email, and on the Main Menu of the Web site under Portfolio.