03/05/2017: Markets were up over 1/2% for the week, as the Indices were able to bounce again at the Pink Lines (10-day avgs.) Falling Below the Pink Lines should create Short Term Sell Signals.
The Indices are very over-bought, and are stretched Way Above the Green Line. Eventually the Markets will return down to the Green Lines (like they always do), Maybe a pull-back after the FED probably RAISES short term Interest Rates on Mar 15.
There should always be Investments going up EVERY YEAR that meet the Green Line Rules. Raise some CASH, and wait… there will be some BAD NEWS, and we will be ready to BUY!
LONG TERM TRADES – We are looking for a good Entry Point for these, which could possible Double:
AXAS ABRAXIS PETE. Waiting to see if it will hold Above the Green Line.
JJC COPPER FUND Weekly Red Zone. Waiting on a Pull-back.
KOL COAL FUND Waiting for a Pull-back.
MDR MCDERMOTT INT’L. Waiting for a Pull-back
Click for Open Positions
Click for Closed Positions
Alert! Market Risk 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.
We had our first Chat Room Session on Saturday morning… Positive comments. Many are having trouble logging in, and we are working on that. Thank you for your patience.
QUESTION: Marc M writes “this GOLD chart is disturbing..Don’t you think?”
Thank you for writing, Marc.
Gold could be doing Wave 2 down, but it must hold above the 62% Retracement Level around $1185 (or $112.17 on GLD Chart. The US Dollar might Fail to make Highs soon, after the FED raise on Mar 15.
Good trading, and tell your friends!