06/04/2017: Markets were up again for the week, as momentum pushed the Indices higher. Next week Congress returns, which could put a damper on the enthusiasm. The weekly S&P 500 Chart (see Chart above) closed above the Top Bollinger Band, and is in the Red Zone, so the probabilities of a pull-back are higher now.
Bonds are rising on Economic weakness, and the Dollar continues to fall… But the the FED will probably raise Short Term Interest Rates again on June 14th… Amazing!
Most Leading Investments are in the Red Zones. Please be patient, and WAIT for pull-backs to the Green Zones. Market pull-backs are healthy, and should create better trading moves than what we have now.
MONEY WAVE BUYS SOON: There are currently 2 Open Positions, and only 2 Investments are on the Short Term Watch List. This normally means: WAIT for GREEN ZONE BUYS. We will email or text when they are ready.
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:
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.
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Tell your Friend about us, and HELP ANIMALS.
QUESTION: Mark S. writes “What are the new 60-min Charts used for on the Watch List?”
ANSWER: Thank you for writing, Mark.
Some Followers like to enter their trades before the Daily Money Wave Buy Signal. One way to speed up the timing is to move to a 60-min Chart for Entry only. We suggest that you use a “Triple Buy Signal” on a 60-min Chart. That means that 1. Above the Pink Line, 2. Money Wave > 20, & 3. MACD Buy Signal. When all 3 Indicators have crossed, you Buy.
Then go back to the Daily chart, and follow the Rules for Exit.