02/09/2020: Markets were up big for the week as the Indices were over-sold on the Short Term, and bounced nicely near the Red Lines (50-day avgs.) The Leaders and Indices are now Way Above the Green Lines, so we need to see many more New Highs soon for this rally since October to continue.
Most Earnings are out now and 71 % have been better than expected. The CNN Greed Index is back up to 57.
New Subscribers: The Leaders and strongest Indices have just popped up from near the Green Zones last week, to quickly back up in the Red Zones (probably too late to Buy for the Short Term). The Green Line System was able to capture a quick 5.34% Gain on the Semiconductor Fund with this pop.
For the week the Dow was up 3.11%, the S&P 500 was up 3.25%, and the Nasdaq 100 was up 4.62%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 0.11% and is Below the Green Line, indicating Economic Weakness.
Bonds were down 0.84% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 1.45% for the week and is back on Highs.
Crude Oil was down 2.40% for the week at $50.32, and GOLD was down 0.91% at $1573.40.
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MONEY WAVE BUYS SOON:
We are currently in 3 logged Open 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!
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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. Broke Out above $12.23 on Earnings. Buy on next Daily Money Wave Buy Signal.
NWL NEWELL BRANDS Buy if it Closes above $20.84 on High Volume.
PLG PLATINUM GROUP Wait for the next Daily Money Wave Buy Signal.
RAD RITE AID CORP. Buy if it Closes above $13.75 on High Volume.
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Long Term Strategy for IRAs & 401k Plans: Currently invested in all 4 Funds.
Alert! Market Risk is MEDIUM (Yellow 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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