10/07/2018: Markets were down for the week, as the Leaders were over-bought and in the Red Zones. Now the Indices are returning back down to the Green Zones, for Money Wave Buys soon.
For the week the Dow was down 0.04%, the S&P 500 was down 1.00%, and the Nasdaq 100 was down 3.00%. The S&P 500 now has Support at the January Highs of 2872. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was up 1.99% and is Above the Green Line, indicating Economic Strength.
Bonds dumped 3.39% for the week and are Below the Green Line, indicating Economic Strength. INVERSE BOND FUND TBT could be beginning a BULL Market, as it is Above the Green Line + 90 Relative Strength. However, TBT is very Over-Bought.
The US DOLLAR was up 0.55% for the week, but it has resistance at the August Highs.
Crude Oil was up 1.49% for the week at $74.34, and GOLD was up at $1206.
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MONEY WAVE BUYS SOON:
We are currently in 4 logged Open Positions, for the Short & Medium Term. There are 7 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buys!
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LONG TERM TRADES
The Long Term List has become large, and if the Investments below can Bounce up off the Green Line with Above 80 Relative Strength, some could re-test their Highs.
AEO AMER. EAGLE OUTFITTERS Wait for Weekly Money Wave Close > 20.
ETFC E*TRADE FINANCIAL Wait for weekly Close Above the Red Line of $56.01 (50-day avg.)
FOSL FOSSIL GROUP Wait for weekly Close Above the Red Line of $23.67 (50-day avg.)
HEAR TURTLE BEACH CORP. Wait for weekly Close Above the Red Line of $21.58 (50-day avg.)
HRTX HERON THERA. Wait for Weekly Money Wave Close > 20.
IMMU IMMUNOMEDICS, INC. Wait for Weekly Money Wave Close > 20.
INTC INTEL CORP. Wait for weekly Close Above the Red Line of $47.66 (50-day avg.)
MU MICRON TECH Wait for weekly Close Above the Red Line of $47.37 (50-day avg.)
THC TELNET HEALTHCARE Wait for Weekly Money Wave Close > 20.
TWTR TWITTER, INC. Wait for weekly Close Above the Red Line of $31.55 (50-day avg.)
URBN URBAN OUTFITTERS Wait for Weekly Money Wave Close > 20.
WTW WEIGHT WATCHERS Wait for weekly Close Above the Red Line of $74.29 (50-day avg.)
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Alert! Market Risk is High (RedZone). The probability of successful Short Term Trades is better, when the S&P 500 is down near the Green Line.
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