04/28/2019: Markets were up for the week, as several major companies reported better than expected Earnings. The major Indices are back up at the Sept. Highs (Resistance), and many Indices are Way Above the Green Lines again.
The Markets have quickly rallied 25 % up from the Dec. Lows without much of a pull-back, and many investors are complacent with NO FEAR…
Smart Money Buys on FEAR and Bad News.
For the week the Dow was down 0.06%, the S&P 500 was up 1.17%, and the Nasdaq 100 was up 1.78%. The very Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 1.32% and is slightly Below the Green Line, indicating Economic Weakness.
Bonds were up 0.74% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.69% and is over-bought.
Crude Oil was down 1.20% for the week at $63.30, and GOLD was up 1.00% at $1289.
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MONEY WAVE BUYS SOON:
We are currently in 7 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!
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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 $37.67.
CIEN CIENA CORP. Wait for a Close above the Red Line of $38.38.
DXCM DEXCOM INC. Wait for a Close above the Red Line of $126.84.
KTOS KRATOS DEFENSE Popped up 3.78% on Friday. Wait for next Daily Green Zone Buy Signal.
MEET THE MEET GROUP Popped up 5% on Friday. Wait for next Daily Green Zone Buy Signal.
MRK MERCK & CO. Wait for one more cycle down of the Daily Money Wave Buy Signal.
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Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
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.
Tell your Friends about the Green Line, and Help Animals
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QUESTION: RUI writes “On the Portfolio page with the current positions, what is the parameter to shift the “legend” to yellow “Don’t take a loss?”
ANSWER: Hi Rui. Usually after a Money Wave Buy Signal, the Investment should pop 3-5% in a few days. When the Money Wave is > 50 and the Investment is not doing well, then something might be wrong (maybe the Market has not have bottomed).
So for Short Term Trading we suggest getting out Before you take a Loss, and try to get back in Lower.
Good trading, and tell your friends!