02/24/2019: Markets were up again as more Good Earnings poured from last quarter. Markets have quickly gone from extremely Over-Sold in Dec. to extremely Over-Bought now (see Chart above). Investor Fear is now back to Investor Greed, and many Leaders are Way Above the Green Line again (all Investments eventually meet again with their Green Lines).
For the week the Dow was up 0.57%, the S&P 500 was up 0.64%, and the Nasdaq 100 was up 0.50%. The very Long Term Trend on the Stock Markets is UP. All of the major US Indices are back Above the Green Lines.
The Inflation Index (CRB) was up 1.51% and is Below the Green Line, indicating Economic Weakness.
Bonds were down 0.34% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 0.27%, but is over-bought again.
Crude Oil was up 2.29% for the week at $57.26, and GOLD was up 0.81% at $1333.
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MONEY WAVE BUYS SOON:
We are currently in 4 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
Many of the Strongest Investments that bounced up off the Green Line with Above 80 Relative Strength, are now getting back into their Red Zones on the weekly charts (Danger Zone).
ACAD ARCADIA PHARMA Buy if it Closes above $23.55 on heavy Volume.
AVP AVON PRODUCTS Closed above $2.99 with a 22% gain. Wait for the next Daily Money Wave Buy Signal.
FIT FITBIT, INC. Buy if it Closes above $7.79.
GNW GENWORTH FINANCIAL Buy if it Closes above $5.27.
LW LAMB WESTON HOLDINGS Buy if it Closes above $71.57.
ODP OFFICE DEPOT Buy if it Closes above $3.60.
PFE PFIZER, INC. Wait for the next Daily Money Wave Buy Signal.
UAL UNITED CON’T. AIR Wait for the next Daily Money Wave Buy Signal.
VER VEREIT, INC. Wait for the next Daily Money Wave Buy Signal. (7% Dividend)
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