HAPPY EASTER TO ALL!
04/21/2019: Markets were mixed again for the week, as the major Indices are back up near the Sept. Highs. Normally Indices will struggle at previous Highs (Resistance), and the Markets have quickly rallied 24 % up from the Dec. Lows without much pull-back.
For the week the Dow was up 0.56%, the S&P 500 was down 0.05%, and the Nasdaq 100 was up 0.81%. The very Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 0.65% and is slightly Above the Green Line, indicating Economic Strength.
Bonds were up 0.19% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.65% and is over-bought.
Crude Oil was up 0.28% for the week at $64.07, and GOLD was down 1.48% at $1276.
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MONEY WAVE BUYS SOON:
We are currently in 7 logged Open Positions, for the Short & Medium Term. There are 5 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM TRADES
Buy the Leading Investments that are down near the weekly Green Zones.
AVP AVON PRODUCTS Buy if is Closes above $3.41 on High Volume.
BSX BOSTON SCIENTIFIC Wait for a Close above the Red Line of $38.00.
CIEN CIENA CORP. Wait for a Close above the Red Line of $38.20.
DXCM DEXCOM INC. Wait for a Close above the Red Line of $128.52.
KTOS KRATOS DEFENSE Wait for a Close above the Red Line of $15.54.
MEET THE MEET GROUP Wait for a Close above the Red Line of $5.30.
MRK MERCK & CO. Wait for next Daily Money Wave Buy Signal.
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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.
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Hello; I’m a new subscriber. I was wondering why the stop for UNG was moved to $21 from $28.44 and $25.83. Also, do you continue to hold positions if the price drops below the green line? Thanks.
Good question, Sherbert.
When the Market dumped last year from Sept – Dec. UNG had made a High at $39.87 and then it got a Money Wave Buy at $30.10… Usually the Strong ones will bounce up and re-test the recent Highs.
Instead, UNG “Gapped Down” a week later below the Green Line to $24. Normally we would have stopped out, but the loss would have been large, and Natural Gas will probably not go to $0.
UNG did bounce back back up to up to $30.33, and the Plan was to get out, but it “Gapped Down” again.
We normally don’t want to own any Investment Below the Green Line. But since UNG made a 3 year high last year on heavy volume, it could try $30 again or higher again.
Good trading, and tell your friends!