08/04/2019: Markets were down for the week, after the FED cut Interest Rates 1/4 point on July 31. Then Smart Money took profits on the “Good News” from the FED.
Most of the major Indices and Leaders were very over-bought, but have now pulled back down to the Green Zones for Money Wave Buys soon. The Watch List has grown to 12 Positions, so expect a Market bounce soon for the Leaders.
For the week the Dow was down 2.59%, the S&P 500 was down 3.11%, and the Nasdaq 100 was down 4.07%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 2.15% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 4.04% for the week to a New High and are Way Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.15% to a New High, but it could be having a huge Double Top from 3 years ago.
Crude Oil was down 0.96% for the week at $55.66, and GOLD was up 2.69% to a New High at $1457.50.
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COMPLETED TRADES THIS WEEK:
2019-07-30 SID Companhia SiderSA $4.29 2019-08-01 $4.15 -$0.14 -3.26%
2019-07-29 SPWR SunPower Corp. $10.76 2019-08-01 $15.00 $4.24 39.41%
2019-07-26 WMT WalMart Inc. $113.02 2019-08-01 $109.38 -$3.64 -3.22%
2019-05-10 QCOM QUALCOMM, Inc. $85.84 2019-07-31 $73.16 -$12.68 -14.77%
2019-07-24 XRX Xerox Corp. $35.09 2019-07-30 $32.78 -$2.31 -6.58%
2019-07-23 AMD Advanced Micro $33.49 2019-07-29 $33.48 -$0.01 -0.03%
MONEY WAVE BUYS SOON:
We are currently in 1 logged Open Positions, for the Short & Medium Term. There are 12 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM INVESTMENTS
Buy the Leading Investments that are down near the weekly Green Zones.
HZNP HORIZON PHARM. Wait for a Close Above $25.45.
XRX XEROX CORP. Wait for next Daily Green Zone Buy.
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Click for Watch List
Click for Closed Positions
Alert! Market Risk is MEDIUM (Yell0w 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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Hi,
Thanks for all the education and guidance that you share with us.
“Emotions are very high now, so please do not Buy unless you are VERY NIMBLE.”
Can you please define “very nimble”?
What about MU ? how come you stopped following this stock.
MU is in the Green Zone, but the Relative Strength is only 53 (does not meet the Rules).
AMAT KLAC MRVL and TER are stronger, based on Relative Strength.
MU CHART