Markets were up again for the week as the Indices are returning back up near their Green Lines,). The FEAR levels have dropped this month and the CNN Fear & Greed Index has moved up from a low of 2 and is now 44.
The Markets should either have a “V” shaped recovery back up towards the Highs from massive FED Printing, or a “W” pattern where the recent rally up from the Lows is the middle of the W. We will have to wait and see, but currently the strongest Leaders are now over-bought and in the Red Zones (probably too late to Buy for the Short Term).
It looks like the weaker Indices (DOW 30 Index, Small Caps, Transports, & NYSE) could be doing an A-B-C Correcting rally back up from very over sold levels. If you are worried about a Bear Market, the Green Line System is in 1 Inverse Fund (RWM Inverse Small Cap Fund) and VXX Volatility Index is on the Watch List.
The Green Line System captured more quick profits this week on Amazon.com (AMZN + 8.57%), Clorox (CLX + 12.23%), Microsoft (MSFT + 15.87%), Plug Power (PLUG + 3.67%), and Tesla (TSLA + 37.51%).
The Green Line System is under water on other Investments, and the goal is to EXIT them soon as the Markets return up near their Green Lines (250-day avgs.) Or when the CNN Fear & Greed Index returns back up near 70. (Now at 44).
For the week the Dow was up 2.29%, the S&P 500 was up 3.03%, and the Nasdaq 100 was up 7.18%. The Long Term Trend for the Indices is mixed.
The Inflation Index (CRB) was down 3.14 % and is Below the Green Line, indicating Economic Weakness.
Bonds were up 1.46% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.22% for the week.
Crude Oil was up 9.97 % for the week at $25.03 and GOLD was down 3.08% at $1698.80.
MONEY WAVE BUYS SOON:
We are currently in 8 logged Open Positions, for the Short & Medium Term. There are 4 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS (concentrating more on the Short Term now)
Buy the Leading Investments that are down near the weekly Green Zones.
GDX GOLD MINING FUND Buy when it Closes above $31.84 on High Volume. All time High is $62.
KALA KALA PHARM. Wait for next Daily Green Zone Buy Signal. (Volume was not High last week on break out.)
Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
NEW DIVIDEND GROWTH PORTFOLIO (please check it out)
ETF Sector Rotation System – New Quarterly Rotation was on Apr 1, 2020.
Long Term Strategy for IRAs & 401k Plans:
Alert! Market Risk is MEDIUM (Yellow 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
QUESTION: Omar writes” Hello guys. I am new to your website and want to know where can i get analysis for special stock or commodity.
And I want to know how to follow your trades. I can find existing positions and swing trades.”
ANSWER: HI Omar. Here is a link to learn about investment positions:
Here is another video for using Daily emails: https://youtu.be/v_Uy6jh2r24
And the Rules.
Good trading and tell your friends!
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