Happy Mother’s Day!
05/14/2017: Markets were down slightly for the week, as the Indices stalled at the March Highs. The NASDAQ 100, Techs & World Indices have gotten stronger, while the DOW, Financials, Transports, Metals & Commodities have all weakened. We should find out soon if there is more Money remaining to push the Markets higher.
3D Systems Corp. (DDD) (see Chart above) is Breaking Out of a base, after a severe Bear Market down from the $97 peak three years ago when Tammy piled in on speculation about 3D printing. Tammy did not bother to see that 3D Systems was Not making money. We are now waiting on a pull-back of the Money Wave down towards the Green Zone to buy for the Long Term..
Commodities and Oil are still weak, but the Charts have nice Bases (sideways indecision) for possible Doubles or more back to their historic Highs.
LONG TERM TRADES – We are looking for a good Entry Point for these, which could possibly Double:
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 Pull-back.
KOL COAL FUND Waiting for a 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.
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.