09/22/2019: Markets were down for the week, as the Indices took profits on the Good News from a FED Interest Rate Cut. The S&P 500 Index has stalled back up at the July High Resistance of 3028. The Small Caps and Transports which have been lagging the Markets, are still well below their Oct 2018 Highs. WAITING for opportunities might be the best investment idea at this time, as October is near.
The 2 FEAR Trades (Bonds and Gold) were both up for the week, but so far their bounces are not very powerful as the FEAR is diminishing. Bonds and Gold still have High Momentum and could re-test the Highs again. Failing to make New Highs could be a Sell Signal.
For the week the Dow was down 0.99%, the S&P 500 was down 0.51%, and the Nasdaq 100 was down 0.90%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was up 1.46% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 3.92% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.41%, but near a 3 year High.
Crude Oil was up 5.91% for the week at $58.09, and GOLD was up 1.04% at $1515.10.
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MONEY WAVE BUYS SOON:
We are currently in 8 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 INVESTMENTS
Buy the Leading Investments that are down near the weekly Green Zones.
OKTA OKTA INC. Wait for next Daily Green Zone Buy.
SBGI SINCLAIR BROADCAST GROUP Buy if it is going to Close above $47.55.
TTD TRADE DESK INC. Wait for Weekly Money Wave Close > 20.
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Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
Alert! Market Risk is MEDIUM (Yell0w 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
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QUESTION: Stan writes ” Do you ever Sell Investments Short?”
ANSWER: Hi Stan, as long at the major Indices are in up-trends we will not Short, as most Followers don’t understand Selling Short. We will use Inverse Funds when they meet the Green Line Rules.