12/13/2020 Markets were down slightly for the week, but most of the major Indices made New Highs. Markets are Way Above the Green Lines and some Leaders are more than 100% Above the G L (Emotions have taken over). This doesn’t mean much as long as the FED is Printing and Bonds prices are holding up from No Inflation Fears, yet.
Tangible Investments like Steel, Copper Rare Earth and Uranium have joined Gold & Silver (both are in Corrections) and are all now in Bull Markets. They could go much when the Covid 19 dissipates worldwide. Bonds could Dump from a worldwide recovery causing Higher Interest Rates. Stocks and Bonds are historically high because there is no other place to put your money. Watch out when money starts flowing into the CRB Commodity Index and it begins a Bull Market. We will be there to guide you into those Funds!
Lots of Good News on the Markets, and Smart Money should take profits and Sell soon after the Good news of another Stimulus Plan.
Completed Trades this week:
Eastman Kodak (KODK) +72.19%
Gap Stores (GPS) -1.65%
Kandi Tech (KNDI) +10.29%
NANTKWEST INC. +52.6%
Peloton Interactive (PTON) -0.51%
For the week the Dow was down 0.55%, the S&P 500 was down 0.96%, and the Nasdaq 100 was down 1.20%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 0.85% and is Above the Green Line, indicating Economic Expansion.
Bonds were up 2.30% for the week, and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.29% for the week.
MONEY WAVE BUYS SOON
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS (Most of the Leaders are back up in the Weekly Red Zones.)
Buy the Leading Investments that are down near the Weekly Green Zones.
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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.
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