06/11/2017: Markets were mostly up again for the week, but the TECH Stocks finally had some profit-taking. The NASDAQ 100 had been having a Buying Stampede, with the Mutual Funds piling into the Fab Five FAANG stocks. These 5 stocks have accounted for 37% of the S&P 500 Gains this year (according to Barrons).
The Techs should have nice bounces when their Money Waves return to the Green Zones (see Chart above).
Next week the FED should RAISE short term Interest Rates another 1/4 point, and the Financials & US Dollar have been rallying in anticipation.
Coal, Copper & Steel Funds are bouncing up off their Green Lines, but their Relative Strengths are all Below 90.
MONEY WAVE BUYS SOON: We stopped out of 4 Positions on Friday, and are currently in 3 non-logged Open Positions, There are 4 Investments are on the Short Term Watch List and should be more soon.
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 on a Pull-back.
IPI INTREPID POTASH Waiting for Break Out Above $3.04.
JJC COPPER FUND Waiting on a Green Zone Pull-back.
KOL COAL FUND Waiting for a Bounce off the Green Line.
LL LUMBER LIQUIDATORS Waiting on a Green Zone Pull-back.
MDR MCDERMOTT INT’L. Waiting for Bounce Up & Above 90 Relative Strength.
UGA US GASOLINE FUND Waiting on Break Out Above $32.03.
VALE VALE DE RIO Waiting for Bounce off the Green Line.
WFM WHOLE FOODS MARKET Waiting on a Pull-back.
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.
[s_static_display]Tell your Friend about us, and HELP ANIMALS.
ABOVE the GREEN LINE is now 1 Year Old!
To celebrate, we are sending $25 to Animals (ASPCA) for each Subscriber as they complete their 1st year.
Thank you for your many comments and contributions to improve this service. We want Investing to be a learning experience and reduce the time needed for you to make profits.
Congratulations!
Leave a Reply
You must be logged in to post a comment.