12/06/2020 Markets were up again for the week and the major Indices made New Highs. Markets are now Way Above the Green Lines and valuations are historically high because Interest Rates are so low. Many of the Strongest Stocks now are growing quickly but make little or no money (NIO PINS PTON ROKU SNAP SPOT TSLA UBER ZM). Most of these are worth more than $30 Billion each! Lots of speculation, like in 1999.
Lots of Good News on the Markets and Smart Money should Sell soon after another Stimulus Plan. More Stimulus should create Inflation Fears and Higher Interest from falling Bonds prices. The CNN Fear & Greed Index is back up to 89, from a recent low of 23 in November.
For the week the Dow was up 1.12%, the S&P 500 was up 1.70%, and the Nasdaq 100 was up 2.18%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was down 0.67% and is Above the Green Line, indicating Economic Expansion.
Bonds were down 3.03% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was down 1.17% for the week, a New Low.
Crude Oil was up 1.60% for the week at $46.26 and GOLD was up 2.90% at $1840.00.
_____________________________________________________________________________________________
MONEY WAVE BUYS SOON
We are currently in 5 logged Current 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!
______________________________________________________________________________________________
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.
GDX GOLD MINERS FUND Buy if it Closes above $36.14 on High Volume.
INSG INSEEGO CORP. Missed this one. Up 11.72 % this week. Will take off the list.
KGC KINROSS GOLD CORP. Buy if it Closes above $7.49 on High Volume.
LOW LOWES COMPANIES Wait for the next Daily Money Wave Buy.
NLS NAUTILUS GROUP Wait for the next Daily Money Wave Buy.
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
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: J. Craig writes “Per the Daily Email summary, This Market is forcing undisciplined Investors to Buy High, when the Reward / Risk ratio is poor. We know that the Leaders are Way Above the Green Line, and they won’t stay up there forever. The Low Volume is warning you. Please be patient and WAIT for good setups in the Green Zones.
What should I be doing taking the Buy Signals like MGI and CYH or Waiting?
ANSWER: If you are a conservative Investor, with the Markets so Over-bought, you should only Buy when the S&P 500 is also back down in the Green Zone.
Good trading and tell your friends!
