01/06/2019: Markets were up again this week as the Indices rallied up towards their Red Lines (50-day avgs.) Slowly the Investor Sentiment should change to a more positive view as Buyers come back in from an Over-Sold condition.
Normally after the FEAR levels become so high and Dumb Money sells, the media will begin to print positive stories again (we already got the FED becoming less Hawkish, but still need a necessary China Trade deal.)
For the week the Dow was up 1.61%, the S&P 500 was up 1.87%, and the Nasdaq 100 was up 2.19%. The very Long Term Trend on the Stock Markets is UP, but many Indices made 52-week Lows recently which could signal a Top has been made.
The Inflation Index (CRB) was up 1.40% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 0.88% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 0.04%, and could be topping as the FED is probably finished Raising Rates for a while (unless they purposely want to create a Slow Down). A falling Dollar could be good for Tech Stocks and Commodities.
Crude Oil was up 5.80% for the week at $47.96, and GOLD was up 0.2% at $1286.
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MONEY WAVE BUYS SOON:
We are currently in 11 logged Open Positions, for the Short & Medium Term. There are 2 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.
ARWR ARROWHEAD PHARMA. Wait for weekly Close Above the Red Line of $13.27 (50-day avg.)
BSX BOSTON SCIENTIFIC Wait for weekly Close Above the Red Line of $35.29 (50-day avg.)
CGC CANOPY GROWTH Wait for weekly Close Above the Red Line of $32.10 (50-day avg.)
FIVE FIVE BELOW Closed Above the Red Line of $104.66 (50-day avg.) Buy on any pull-back around the Red Line.
FTNT FORTINET INC. Wait for weekly Close Above the Red Line of $71.47 (50-day avg.)
I INTELSAT GLOBAL Wait for weekly Close Above the Red Line of $23.59 (50-day avg.)
LULU LULULEMON ATHLETICA Closed Above the Red Line of $126.33 (50-day avg.) Buy on any pull-back around the Red Line.
MA MASTERCARD Wait for weekly Close Above the Red Line of $192.52 (50-day avg.)
MSFT MICROSOFT CORP. Wait for weekly Close Above the Red Line of $104.16 (50-day avg.)
NIHD NII HOLDINGS Wait for weekly Close Above the Red Line of $4.92 (50-day avg.)
UAL UNITED CON’T. AIR Wait for weekly Close Above the Red Line of $86.40 (50-day avg.)
WWE WORLD WRESTLING Place Buy Stop above $77.95 on the Close.
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