11/04/2018: Markets bounced up for the week, as the Indexes became over over-sold. The S&P 500 is still trying to get back Above the Green Line. Maybe another dip back down next week to re-test the recent Lows.
Soon the Strongest Leaders that are holding Above the Green Line + Above 90 Relative Strength should go back up to re-test the September Highs. Investments that are currently Below the Green Line should probably be Sold on the next rally.
For the week the Dow was up 2.36%, the S&P 500 was up 2.45%, and the Nasdaq 100 was up 1.65%. The Long Term Trend on the Stock Markets is UP.
There are 2 Inverse Funds that have begun Bull Markets and are now in the Green Zones for Money Wave Buys soon. They are Inverse World Emerging Market Fund (EUM) and Inverse Small Cap Fund (RWM). These could go much higher over the Long Term.
The Inflation Index (CRB) was down 1.64% and is Below the Green Line, indicating Economic Weakness.
Bonds were down 2.36% for the week and are Below the Green Line, indicating Economic Strength.
The US DOLLAR was mixed for the week, after making another New High for the year.
Crude Oil was down 6.58% for the week at $63.14, and GOLD was mixed at $1233.
___________________________________________________________________________________________
MONEY WAVE BUYS SOON:
We are currently in 7 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!
______________________________________________________________________________________________
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 Close Above the Red Line of $23.08 (50-day avg.)
ARWR ARROWHEAD PHARMA. Wait for weekly Close Above the Red Line of $14.81 (50-day avg.)
CRM SALESFORCE.COM Wait for weekly Close Above the Red Line of $144.79 (50-day avg.)
CVNA CARVANA CO. Wait for weekly Close Above the Red Line of $48.82 (50-day avg.)
FDN INTERNET FUND Wait for weekly Close Above the Red Line of $132.31 (50-day avg.)
FOSL FOSSIL GROUP Wait for Buy around $22.38 (50-day avg.)
HEAR TURTLE BEACH CORP. Wait for weekly Close Above the Red Line of $20.68 (50-day avg.)
HRTX HERON THERA. Wait for weekly Close Above the Red Line of $31.46 (50-day avg.)
M MACY’S INC. Wait to Buy around $34.41 (50-day avg.)
QQQ NASDAQ 100 Fund Wait for weekly Close Above the Red Line of $175.34 (50-day avg.)
URBN URBAN OUTFITTERS Wait for weekly Close Above the Red Line of $40.43 (50-day avg.)
___________________________________________________________________________________________
Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
Alert! Market Risk is LOW (Green Zone). The probability of successful Short Term Trades is better, when the S&P 500 is down near the Green Line.
Tell your Friends about the Green Line, and Help Animals.