07/28/2019: Markets were up for the week, as many Earnings came in better that expected. Also, Investors are expecting the FED to cut Interest Rates at least 1/4 point on July 31. Maybe some profit taking later this week on the “Good News” from the FED.
Most of the major Indices and Leaders are back up in their Red Zones (probably too late to Buy for the Short Term). The S&P 500 Index has Support at the May Highs of 2954.
For the week the Dow was up 0.15%, the S&P 500 was up 1.63%, and the Nasdaq 100 was up 2.32%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 0.80% and is Below the Green Line, indicating Economic Weakness.
Bonds were down 0.17% for the week and are Way Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.99% to a New High, but it could be having a huge Double Top from 3 years ago.
Crude Oil was up 0.79% for the week at $56.20, and GOLD was down 0.52% at $1419.30.
___________________________________________________________________________________________
COMPLETED TRADES THIS WEEK:
2019-07-18 ARQL ArQule, Inc. $10.60 2019-07-23 $10.53 -$0.07 -0.66%
2019-07-15 TLT US Gov’t. Bond Fund $130.97 2019-07-23 $131.22 $0.25 0.19%
2019-06-28 UAA Under Armour Inc. $25.35 2019-07-22 $26.64 $1.29 5.09%
MONEY WAVE BUYS SOON:
We are currently in 5 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!
______________________________________________________________________________________________
LONG TERM INVESTMENTS
Buy the Leading Investments that are down near the weekly Green Zones.
HZNP HORIZON PHARM. Wait for a Close Above $24.79.
VMW VMWARE INC. Wait for next Daily Green Zone Buy.
___________________________________________________________________________________________
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 better, when the % of stocks above the 50-day avg. is below 20.
Tell your Friends about the Green Line, and Help Animals
___________________________________________________________________________________________
QUESTION: Chris writes “What is meant by “EXIT AMZN AMAZON.COM if it is going to Close below your Buy Price, or $1987.15.” Does this mean to ‘exit the position if it closes below your buy price or $1,987.15, whichever is lower OR whichever is higher?’
ANSWER: When an Investment goes into a Money Wave Buy, it should Pop up 3-6% in a few days. Once the Money Wave Indicator (Slow Stochastic) is > 50, and your investment is not Popping, we suggest getting out. (DON’T TAKE A LOSS.)
Maybe the Buy Signal was too early, and the Investment might go lower… This is all based on probabilities… Bet on a bounce and Bag it, or EXIT, for Short Term Trades.
We use the Closing price only to determine the Buy Price… Some subscribers might have had a slightly different entry price. EXIT if Closes LOWER than either price.
Thank you for writing!