09/10/2017: Markets were down slightly for the week, on mild selling. The major Indices are still re-testing the early August Highs. Most Funds were in the Red Zones, but some are quickly returning to their Green Zones for Money Wave Buys soon. AAPL is in the Green Zone before the iPhone 8 preview on Sep 12th, but the Relative Strength is back Below 90.
The US Dollar has been dumping (see Chart above), which can be good for the TECH and BioTech Indices which were able to make new Highs this week. But the weak Dollar and strong Bonds could indicate a slowing Economy.
We added a new Rare Earth Fund (REMX) to the Long Term Watch List. The stronger Commodities like Copper and Coal also made New Highs. We are waiting to see how they hold up if the Dollar has a bounce up towards the Green Line.
Crude Oil was up slightly for the week, and GOLD was up $21.00.
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MONEY WAVE BUYS SOON: We are currently in 1 logged Open Positions, and there are 4 Investments on the Short Term Watch List.
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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:
BITA BITA HOLDINGS Wait for Green Zone on the Weekly Chart.
DBC COMMODITY FUND Waiting for Break Out Above $16.08.
JJC COPPER FUND Back in Red Zone, but Relative Strength finally got up to 90.
KOL COAL FUND Wait for Green Zone on Daily Chart.
LL LUMBER LIQUIDATORS Wait for Green Zone on Daily Chart.
REMX RARE EARTH FUND Wait for Green Zone on Daily Chart.
UGA US GASOLINE FUND Waiting on Break Out Above $32.03.
VALE VALE DE RIO Break Out Above $11.39 on High Volume.
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Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
Alert! Market Risk is Medium (Yellow 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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I’m new to the site and this trading system. On the YY trade that closed Sept 5th, could you explain where the $74.72 sell price came from.
Thanks!!
Thank you for becoming a Green Liner!
The YY trade was Short Term, and follows the Rules here.
YY was bought on the Close on Aug 31 at $74.72 (Up 5.1%). A good Money Wave Pop is normally 3-5% in a few days.
Once the Money Wave Closes > 50, and you don’t have a decent Gain, we EXIT to avoid a Loss ($74.72 price). The probability of YY to drop back down to re-test the $68.44 Support was about = to YY going higher (50:50). The Reward / Risk was not good, based on the Short Term Rules. The biggest problem of this trade was that YY popped 5.1% before we even got in…
We should have bought YY with the Medium Term Rules (Above the RED Line, with a Stop Below Red Line).
YY Chart