12/16/2018: Markets were down for the week as the Indexes are wearing Investors out by slowing returning to the April Support. There is a good chance of a larger bounce up, as many Investments like Goldman Sachs have dumped Way Below the Green Lines, and will normally bounce up some on Short Covering.
The Strongest Leaders that are holding Above the Green Line could go back up to re-test the September Highs (see Long Term List below).
For the week the Dow was down 1.18%, the S&P 500 was down 1.18%, and the Nasdaq 100 was down 0.28%. The Long Term Trend on the Stock Markets is UP.
There is a FED Meeting on Wednesday, where the FED could surprise most by not Raising Rates, or talk about limited Raising in the near future…
The Inflation Index (CRB) was down 2.08% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 0.06% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.93%, and is currently over-bought.
Crude Oil was down 2.68% for the week at $51.20, and GOLD was down slightly at $1241.
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MONEY WAVE BUYS SOON:
We are currently in 7 logged Open Positions, for the Short & Medium Term. There are 3 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM TRADES
Investments below that can Bounce up off the Green Line with Above 80 Relative Strength, could re-test their recent Highs.
ADBE ADOBE SYSTEMS Wait for weekly Close Above the Red Line of $241.57 (50-day avg.)
AMZN AMAZON.COM Wait for weekly Close Above the Red Line of $1669.47 (50-day avg.)
ARWR ARROWHEAD PHARMA. Place Buy Stop above $15.47 on the Close.
CGC CANOPY GROWTH Wait for weekly Close Above the Red Line of $35.97 (50-day avg.)
DISCA DISCOVERY, INC. Wait for weekly Close Above the Red Line of $30.22 (50-day avg.)
FIVE FIVE BELOW Wait for weekly Close Above the Red Line of $108.28 (50-day avg.)
FTNT FORTINET INC. Place Buy Stop above $77.18 on the Close.
LULU LULULEMON ATHLETICA Wait for weekly Close Above the Red Line of $129.73 (50-day avg.)
SQ SQUARE, INC. Wait for weekly Close Above the Red Line of $69.59 (50-day avg.)
WWE WORLD WRESTLING Place Buy Stop above $77.95 on the Close.
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SPY Chart