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.
MONEY WAVE BUYS SOON: There are currently 5 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.
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.
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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Tell your Friend about us, and HELP ANIMALS.
I have two questions. First, you allowed VALE to drop to a 13% loss before it was stopped out.
Seems like a very severe loss as compared to a typical 3% or so stop loss.
Second, you note five “Open” positions, but you only logged EXEL. Why are you listing stocks
that you did not log as Open ?
Thank you for your website.
OK Dutchy, we have 1 Open Position, and 4 non-logged positions.
Many Stocks are at 8 year Highs, and may never see the levels again… perhaps AAPL or NFLX.
VALE De RIO (VALE) has been to $28 before, and might be just beginning a Stage 2 Bull back up to the Highs. So we gave it more slack, but the Relative Strength dropped below 90.
We plan to get back in VALE, when the Commodity group finally bottoms… Relative Strength on VALE is still 85 (from IBD)… Got any other ideas that could TRIPLE in the next 5 years? AMZN or HD?
Good trading, and tell your friends!
Thank you for your prompt response. Appreciate your website.
Welcome, Dutchy!
Thanks for the great system.
I have a request. Since you send out the watch list and portfolio and others on a daily basis it is easy to get confused with which date provided which list. I know I could backtrack to get the date but it would seem to me that putting the date at the beginning of each list would avoid potential confusion for those of us that like to keep organized as best as possible. I need all the help I can get!
Thanks!
Ok, we will make a column on the Watch List for “Date Added”.
Thank you.
Good trading, and tell your friends!
I read with interest Windwoodtrader’s comment and request.
Thank you for being responsive to his request as well as my past questions.
You have improved the format of your daily emails recently
i.e. watch lists, open positions, closed positions etc.
Keep up the good work.
Thank you Dutchy!