8/1/2021 Markets were down slightly for the week, but the S&P 500, NASDAQ 100 & DOW 30 Indices made New Highs again, first. Many are hoping that the Markets will continue higher thru the rest of the year, until the FED begins to taper on their massive printing.
Markets are Way Above the Green Line, and Volume is Low, so we are cautious in Buying up near the Highs. Conservative Investors might want to Raise Some Cash to be able to Buy when the Media creates some Bad News to cause a Market pull-back.
If you continue to Follow the Green Line System, your Money should flow into the Strongest areas and your account value should be able to grow in both Bull and Bear Markets. No predicting here, just Following the Money.
For the week the Dow was down 0.31%, the S&P 500 was down 0.33%, and the Nasdaq 100 was down 0.99%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 0.68% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were up 0.69 % for the week, and are back Above the Green Line, indicating Economic Contraction.
The US DOLLAR was down 80% for the week.
Crude Oil was up 2.61% for the week at $73.95 and GOLD was up 0.85% at $1817.20.
_____________________________________________________________________________________________
MONEY WAVE BUYS SOON
We are currently in 3 logged Current Positions, for the Short & Medium Term. There are 7 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
______________________________________________________________________________________________
LONG TERM INVESTMENTS (Some Leaders have pulled back , but Markets are near Highs.)
CZR CAESARS ENTERTAINMENT Buy if it Closes above the Red Line (50-day avg.) with High Volume.
F FORD MOTOR CO. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
FCX FREEPORT MCMORAN COPPER Closed above the Red Line but the Volume was not High. Did not Buy.
GME GAME STOP CORP. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
KIRK KIRKLAND’S INC. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
KOPN KOPIN CORP. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
TRIP TRIPADVISORS INC. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
URA URANIUM FUND Buy if it Closes above the Red Line (50-day avg.) with High Volume.
ZKIN ZK INT’L. GROUP Buy if it Closes above the Red Line (50-day avg.) with High Volume.
______________________________________________________________________________________
Click for Watch Lists
Click for Current Positions
Click for Closed Positions
Day Trading Scrolling Charts
UPDATED Top 100 List Aug 1, 2021
Dividend Growth Portfolio
ETF Sector Rotation System
Dogs of the DOW System
Long Term Strategy for IRAs & 401k Plans
CNN Fear & Greed Index
Scrolling Stage Chart Investing Charts
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.
___________________________________________________________________________________________
4 Ways to Get your Daily Money Wave Alert:
- Emailed to your box between 3:40 3:50 pm EST.
- Website menu Commentary/Buy/Sell Signals
- Twitter notifications are the fastest @AboveGreenLine
- Text messages: Email us your Cell number & phone carrier.
Thank you,
ATGL
