Market-2

 

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.

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– Weekly Commentary May 7, 2017

 

05/07/2017:  Markets were up for the week, as the Indices are finally re-testing 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. 

The Volatility  Index is down under 11, and made a 10 -year Low this week. Historically these low values indicate extreme enthusiasm, and Smart Money will normally capture profits soon. This is confirmed with the major Indices being Way Above the Green Lines.

Bonds have rallied all the way back up to the Green Line, indicating expectations of a Slowing Economy…

Commodities and Oil are weak, indicating expectations of a slowing Economy.

 

MONEY WAVE BUYS SOON:    There are currently 6 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.
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.

 

ERYK writes “I am a novice investor finishing up my last semester in college before I start my career in June. My father taught me a great deal of trading in the stock market, and the basics to get me started before he passed away. He showed me your charts and methods to which he profited greatly, which I thank you for.”

 

Related Post

– Weekly Commentary Apr 30, 2017

The New York Index is Struggling back up to the March Highs.

04/30/2017:  Markets were up for the week, as the Strongest Leaders made New Highs.  The weaker Indices (Dow, NYSE Financials & Transports) have not made it back up to the March Highs, indicating a lack of Buyers. Eventually the Markets will not make New Highs, and return back to the Green Lines, (like they always do).

Currently the S&P held at Support above 2322, and has made a  “W” pattern back up to the March Highs again. Watch out for a possible “Double Top”. Also please be patient, as the Trump Rally has not had a good pull-back yet. Short Term Trading should get better once some better selling comes in…

Bonds have rallied all the way back up to the Green Line, indicating either War Fears, or expectations of a Slowing Economy…

Commodities are weak, indicating expectations of a slowing Economy.

 

MONEY WAVE BUYS SOON:    There are currently 9 Open Positions,  and 0 Investments are on the Watch List. 

ON DECK to Buy soon:  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.
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.

QUESTION: Dominick writes ” I was wondering after looking at all the charts,  do we take trades that have clear bearish technical patterns, or since the sctr is above 90, we take the sto when it drops below 20, buy after cross over?”

ANSWER: Don’t try to Short the Investments that have High relative Strength, Dominick. It usually does not work well, as Strong Investments can Correct Sideways, and then go much Higher. It is Safer to Buy the Leaders on pull-backs only.

If you want to Sell Short, Reverse the Green Line Rules (Below the G L, Below 10 RS, and Money Wave < 80).

Related Post

– Weekly Commentary Apr 23, 2017

Can the Dow Go up Once more? 

04/23/2017:  Markets were up for the week, as the Strongest Leaders bounced Above the Red Lines (50-day avgs).  The weaker Indices (Dow, NYSE & Transports) had a few days below the Red Lines, indicating a lack of Buyers. It looks like only Congress can save the day, by agreeing  on some kind of Tax Reform or a new HealthCare bill.

Even the recent Money Wave Pops on the strongest Darlings (mainly large cap NASDAQ 100 stocks like AAPL FB AMZN GOOGL, etc.) have been disappointing. Please be patient, as the trading should get better once some better selling comes in… Currently the S&P has Support at 2322, for a possible “W” pattern back up to the March Highs again.

Bonds have rallied all the way back up to the Green Line, indicating either War Fears, or expectations of a Slowing Economy…

Crude OIL was down over 6% for the week, after FAILING below $55.24 Resistance again.

The Financials have really weakened, on possible slow down fears.

 

MONEY WAVE BUYS SOON:    There are currently 11 Open Positions,  and 4 Investments are on the Watch List. 

ON DECK to Buy soon:  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.
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 Lower now (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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Tell your Friend about us, and HELP ANIMALS.

Related Post

– Weekly Commentary Apr 15, 2017

 

04/015/2017:  Markets were down about 1% for the week, as Investors are becoming worried if Congress will agree on Tax Reform and a new HealthCare bill. The major Indices did not bounce off of the Red Lines (see Chart above), which indicates a lack of Buying, except for only the strongest Darlings (mainly large cap NASDAQ 100 stocks like AAPL FB AMZN GOOGL, etc.) There is Support on the S&P at 2322, for a possible “W” pattern back up to the Highs again soon.

Bonds have rallied all the way back up to the Green Line, indicating either War Fears, or expectations of a Slowing Economy…

Crude OIL was up 1.8% for the week,  but it needs to Close above $55.24 for a Bull to begin.

The Financials have really weakened, as longer term Interest Rates dropped on Bond buying.

Gold Miners were up 4% as the US Dollar fell.

 

MONEY WAVE BUYS SOON:    There are currently 7 Open Positions,  and 11 Investments are on the Watch List. Many Investments were Stopped Out on Thursday.

ON DECK to Buy soon:  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.
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.

Click for  Portfolio (Open Positions)  
Click for  Watch List
Click for  Closed Positions

Alert! Market Risk is Lower now (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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Tell your Friend about us, and HELP ANIMALS.

 

QUESTION:  Doug writes: “I am considering your service and am curious as to the difference in  RSf numbers and RS ranking from investors.com.  Is it a weighting difference in the near term quarter or something else altogether?”

ANSWER: Hi Doug, we prefer to use Relative Strength from IBD (Investor’s Business Daily) or www.etfscreen.com, as they use more of a weighted 1 year RS.

SCTR (Stock Charts Technical Rank) is more convenient, but is weighted too much to the last 90 days of trading…

Good trading, and tell your friends!

Related Post

– Weekly Commentary Apr 9, 2017