Weekly Commentary May 7, 2017

 

05/07/2017:  Markets were up for the week, as the Indices are finally re-testing 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. 

The Volatility  Index is down under 11, and made a 10 -year Low this week. Historically these low values indicate extreme enthusiasm, and Smart Money will normally capture profits soon. This is confirmed with the major Indices being Way Above the Green Lines.

Bonds have rallied all the way back up to the Green Line, indicating expectations of a Slowing Economy…

Commodities and Oil are weak, indicating expectations of a slowing Economy.

 

MONEY WAVE BUYS SOON:    There are currently 6 Open Positions,  and 5 Investments are on the Short Term Watch List.   Wait for GREEN ZONE BUYS.  We will email or text when they are ready.  

 

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.
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.

 

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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