12/20/2020 Markets were up slightly for the week, and most of the major Indices made New Highs. As you can see from the Chart above, the Retail Fund is as about as far Above the Green Line as it was Below the Green Line in March. We are lucky that the Markets move violently up and down because of the two Human Emotions: Fear & Greed. That way we can Buy when Investments are Low (FEAR), and take profits when all is well (GREED). Tammy sold in March because she was scared, and now she is almost fully invested again.
The Herd is Buying on expectations that the World Economy will improve dramatically when the Virus is over. Many are asking how high can the Markets go? We know from history that Markets will stretch Way Above the Green Lines on Greed, and then snap back down to the Green Line again. Obviously the Markets have already discounted most of the improvement of the World Economy in the future. If you believe that things are different this time, you could learn a painful lesson.
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:
Grayscale Bitcoin Trust (GBTC) +21.2%
MoneyGram Int’l. (MGI) +10.6%
For the week the Dow was up 0.44%, the S&P 500 was up 1.22%, and the Nasdaq 100 was up 2.72%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 3.23% and is Above the Green Line, indicating Economic Expansion.
Bonds were down 1.43% for the week, and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 1.14% for the week, another New Low.
Crude Oil was up 5.73% for the week at $49.24 and GOLD was up 2.46% at $1888.90.
_____________________________________________________________________________________________
MONEY WAVE BUYS SOON
We are currently in 3 logged Current Positions, for the Short & Medium Term. There are 3 Investments on the Short Term Watch List.
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.
CRON CRONOS GROUP Buy if it Closes above $9.00 on High Volume.
LAC LITHIUM AMERICAS CORP. Buy if it Closes above the Red Line (50-day avg.) on High Volume.
NLS NAUTILUS GROUP Was bought this week at $17.99. Target is $26.00. EXIT if it is going to Close below $16.12.
RIOT RIOT BLOCKCHAIN Wait for the next Daily Money Wave Buy Signals.
______________________________________________________________________________________
Click for Current Positions
Click for Watch List
Click for Closed Positions
New: My Trading Dashboard
Penny Stock & Low Volume Investments Watch List
Long Term Strategy for IRAs & 401k Plans
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.
___________________________________________________________________________________________
QUESTION: Jose M writes “Morning, I seem to have difficulties on finding the Money Wave chart on the ETFs. Thanks.”
ANSWER: First go to MY TRADING DASH BOARD. Then the Charts with the Money Waves can be pulled up by clicking on the Symbol of the Investment on the Watch List or Current Positions links in every Daily email.
The Money Wave is the Red and Green Zone on the bottom part of the Chart. Buy when the Money Wave has gone down into the Green Zone, and then turns up above 20.