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.
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.
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.
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.