02/16/2020: Markets were higher again for the week as the Feb 3rd bounce up off the Red Lines (50-day avgs.) continued. The S&P 500, DOW 30, and NASDAQ 100 Indices were able to make New Highs, which is Bullish. The Small Caps, NYSE and Transports are lagging. The Leaders and Indices are now Way Above the Green Lines, so the Markets need to have many more New Highs soon, for this rally since October to continue without a correction.
Most Earnings are out now and have been better than expected. The CNN Greed Index is back to 55.
New Subscribers: The Leaders and strongest Indices are quickly back up in the Red Zones (probably too late to Buy for the Short Term). Please be patient and WAIT for Green Zone Buys again.
For the week the Dow was up 1.02%, the S&P 500 was up 1.63%, and the Nasdaq 100 was up 2.37%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was up 1.67% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 0.08% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.38% for the week and made New Highs.
Crude Oil was up 3.44% for the week at $52.05, and GOLD was up 0.83% at $1586.40.
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MONEY WAVE BUYS SOON:
We are currently in 3 logged Open 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!
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LONG TERM INVESTMENTS
Buy the Leading Investments that are down near the weekly Green Zones.
AG FIRST MAJESTIC SILVER Buy if it Closes above the Red Line on High Volume.
ARWR ARROWHEAD PHARMA. Buy if it Closes above $46.42 on High Volume.
DB DEUTSCHE BANK Broke Out above $9.34. Buy on next Daily Money Wave Buy Signal.
GDX GOLD MINERS FUND Buy if it Closes above $31.06 on High Volume.
GE GENERAL ELECTRIC CORP. Buy on the next Daily Money Wave Buy Signal.
NWL NEWELL BRANDS Buy if it Closes above $20.84 on High Volume.
PLG PLATINUM GROUP Buy if it Closes above $2.25 on High Volume.
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Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
New ETF Sector Rotation System Results since Jan 1, 2020:
Open Date Symbol Price Stop Last Gain/Loss % ATGL Rule
2020-01-01 QQQ $211.62 190.98 $234.64 10.88% STOP BELOW GREEN LINE Next Sector Rotation date is Apr 1.
2020-01-01 XLK $91.07 80.34 $101.96 11.96% STOP BELOW GREEN LINE Next Sector Rotation date is Apr 1.
2020-01-01 XLV $101.44 92.39 $103.93 2.45% STOP BELOW GREEN LINE Next Sector Rotation date is Apr 1.
2020-01-01 SMH $140.75 199.99 $150.69 7.06% STOP BELOW GREEN LINE Next Sector Rotation date is Apr 1.
2020-01-01 ITB $44.14 40.95 $49.89 13.03% STOP BELOW GREEN LINE Next Sector Rotation date is Apr 1.
Long Term Strategy for IRAs & 401k Plans: Currently invested in all 4 Funds.
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
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QUESTION: Jose M writes “Morning, I seem to have difficulties on finding the Money Wave chart on the etfs thanks.”
ANSWER: The Charts and Money Waves can be pulled up by clicking on the Symbol of the Investment on the Watch List or PORTFOLIO 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. (See Chart below, and Black Arrow indicates a Buy Signal).
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