2/28/2021 Markets were down slightly for the week on profit taking and higher Interest Rates. Bonds dumped earlier in the week as the Treasury Department sold $62 billion of seven-year notes, and the auction did not go well.
The Indices are down near the Red Lines (50-day avgs.) and need to bounce up soon for this rally to continue. Many are expecting another Stimulus Bill very soon, which could pop the Markets back up to re-test the recent Highs.
This Goldilocks Economy won’t last forever, so learn to trade the Waves or Cycles. Much of this 12 Year Bull Market is because of Low Interest Rates, and we will have plenty of Leaders for you to Buy when Tammy’s Emotions flip again from “Get Me In”, to “Get Me Out!” Seasonal Buy Indicator
For the week the Dow was down 1.74%, the S&P 500 was down 2.48%, and the Nasdaq 100 was down 5.10%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 0.96% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 0.10% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.70% for the week.
Crude Oil was up 3.78% for the week at $61.50 and GOLD was down 2.73% at $1728.80.
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MONEY WAVE BUYS SOON
We are currently in 4 logged Current Positions, for the Short & Medium Term. There are 5 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM INVESTMENTS (Most of the Leaders are back up in the Weekly Red Zones.)
Currently very few Leading Investments that are down near the Weekly Green Zones. Caution.
CBAY CYMABAY THERA. Buy if it Closes $6.56 on High Volume.
GME GAME STOP CORP. Wait for Weekly Money Wave to Close > 20.
LL LUMBER LIQUIDATORS Wait for Weekly Money Wave to Close > 20.
MJ MARIJUANA FUND Wait for the next Daily Money Wave to Close > 20.
XL XL FLEET CORP. Wait for the next Daily Money Wave to Close > 20.
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QUESTION: Praveen wrote “Hello ATGL. I am not receiving alerts for the buy and sell I am just getting end of day link. can you please fix my problem. Thanks,
ANSWER: Hi Praveen. We currently have 1 email going out Daily, the Money Wave Avert! which is sent between 3:40 -3:50 EST.
We are sending out some Day Trading Tweets on Twitter @AboveGreenLine on Twitter
Most members follow the Watch List and My Trading Dashboard during the day, as they are constantly being updated.
We also have Live Streaming on YouTube, which has these current Watch Lists running “real time”.
Thank you for writing,
ATGL