NASDAQ 100 is Curving Up on Buying Stampede!
05/28/2017: Markets were up over 1% for the week, on a Buying Stampede of the FANG stocks (FB AMZN NFLX GOOGL) which surged an average of 3.5% each for the week! Momentum has taken over, as the Leaders surged higher. Historically, high levels of human emotion will eventually fizz out.
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.
CSX CSX CORP. was Sold on the Close on Friday for a 7.43% gain.
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.
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