Happy Mother’s Day to you Moms!
05/13/2018: Markets were up over 2% for the week, as last week’s Low was Higher than the April Low. This confirmed to most that the selling is over for a while.
All of the major Indices closed Above the Red Lines (50-day avgs.) and could re-test the Highs in a month or two.
The Long Term Trend is UP.
The Inflation Index (CRB) made New Highs this week at 203.56, and is in a mild Up-Trend.
Bonds are bearish (Below the Green Line and Low Relative Strength) but rallied back up to the Red Line (50-day avg.) Bonds are not convinced that the Economy is that strong, and are holding well above Support.
The US DOLLAR had a big run last month, and is now Above the Green Line.
Crude Oil was up 1.41% for the week at $70.70, and GOLD was up 0.46%.
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MONEY WAVE BUYS SOON:
This week’s rally helped us get out of some positions that we had been buried in (Investor sentiment changed from FEAR to GREED quickly).
We are currently in 2 logged Open Positions, for the Short & Medium Term. Most of the Leading Investments are back up in the Red Zones. There are 2 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buys!
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LONG TERM TRADES
The Funds below are correcting down to their Green Lines, but the Relative Strength is remaining high. These tend to Bounce nicely when the weekly Money Wave crosses up > 20.
ARRY ARRAY BIOPHARMA Nice pop this week. Wait for next Daily Money Wave Buy Signal.
SMH SEMICONDUCTOR FUND Nice pop this week. Wait for next Daily Money Wave Buy Signal.
TCEHY TENCENT HOLDINGS Nice pop this week. Wait for next Daily Money Wave Buy Signal.
REMX RARE EARTH FUND Buy when Daily Closes above $28.62.
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Alert! Market Risk is Medium (Yellow Zone). The probability of successful Short Term Trades is higher, when the S&P 500 is down near the Green Line.
Tell your Friends about the Green Line, and Help Animals.