Markets were closed on Monday in observance of Martin Luther King Jr. Day.
01/15/2018: Markets were up again this week, as the Dow rose 2%, the Nasdaq gained 1.7%, the S&P 500 added 1.6%, and the small-cap Russell 2000 increased by 2%. The broad rally this year has many bulls scratching their heads. Bulls don’t complain about new highs in the stock market, but this sort of ongoing lift is very rare.
The Small Investors feels very good now … We like to Buy when they are SCARED! (But most don’t have the discipline to wait).
Bonds fell as the yield on the 10-year Treasury rise to 2.60%.
Steel Stocks have Broken Out, and should be good on the next pull-back (FCX VALE X)
Crude Oil was up 4.65% for the week at $64.30, and GOLD was up 0.95%.
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MONEY WAVE BUYS SOON: We are currently in 1 logged Open Position, for the Short Term. There are 2 Investments on the Short Term Watch List, so be patient and WAIT for Green Zone Buys!
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LONG TERM TRADES
The Funds below are currently out of favor, but historically these could possibly Double or more from these lower levels. We are looking for a good Entry Point for these, but need the entire Economy & Inflation to pick up speed:
DBC COMMODITY FUND Relative Strength is back Below 90.
FCX FREEPORT MCMORAN Wait for the next Green Zone Buy on the Daily Chart.
GRPN GROUPON INC. Wait for Break Out above $5.99 on High Volume.
JJC COPPER FUND Wait for the next Green Zone Buy on the Daily Chart.
KOL COAL FUND Wait for the next Green Zone Buy on the Daily Chart.
LL LUMBER LIQUIDATORS Relative Strength is Below 90.
REMX RARE EARTH FUND Wait for Green Zone Buy on the Daily Chart.
TWTR TWITTER INC. Wait on Break Out Above $25.25.
UGA US GASOLINE FUND Volume is too low… Break Out Above $33.07.
VALE VALE DE RIO Wait for the next Green Zone Buy on the Daily Chart.
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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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