02/25/2018: Markets were up slightly for the Holiday shortened week. The S&P 500 hoovered above the Red Line (50-day avg.) as there were few sellers. So far all only the very Strongest Leaders and the NASDAQ 100 Index are back up near the Highs. The Long Term Trend is UP.
The Markets need a pullback to create some more Money Wave Buys. We have completed 10 trades since the February Lows (8 win, 2 losses).
Bonds were over-sold and might have a move up near the Red Line (50-day avg.) But Bonds have Low Relative Strength, and are Below the Green Line (which means more Sellers than Buyers).
The Inflation Index (CRB) is trying to get back above the 196.36 Break Out level, which shows some weakness with Inflation. The US DOLLAR bounced off the Lows, and is almost back up to the Red Line.
Crude Oil was up 3.55% for the week at $63.55, and GOLD was down 2%.
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MONEY WAVE BUYS SOON: We are currently in 3 logged Open Positions, for the Short & Medium Term. There are only 3 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.
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.
REMX RARE EARTH FUND Wait for Green Zone Buy on the Daily Chart.
TWTR TWITTER INC. Broke Out Above $25.85. Wait for Daily Green Zone.
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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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. The Strongest Investments should re-test their Highs from these Over-Sold levels.
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