01/12/2020: Markets were up again for the week to New Highs on average Volume. The three Trillion Dollar Companies (Apple, Google, and Microsoft) accounted for much of the advance.
New Subscribers: It is unusual that the Leaders and stronger Indices have not returned down to the Green Zones since October (usually it is every 1-2 months). Please be patient and realize that the rally since October has not corrected enough to create many good Money Wave Buys. This will change.
Shorter Term Traders should raise Cash and WAIT for the S&P 500 Index and the Leaders to return to their Green Zones for Money Wave Buy Signals.
Currently the Indices are Way Above the Green Lines, and the CNN Greed Index is back to 91.
For the week the Dow was up 0.67%, the SP 500 was up 1.02%, and the Nasdaq 100 was up 1.98%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 1.48% and is Above the Green Line, indicating Economic Strength.
Bonds were down 0.49% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.50% for the week, after bouncing off good Support.
Crude Oil was down 6.36% for the week at $59.04, and GOLD was up 0.50% at $1560.10.
MONEY WAVE BUYS SOON:
We are currently in 1 logged Open Positions, for the Short & Medium Term. There are 6 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS
Buy the Leading Investments that are down near the weekly Green Zones.
BLL BALL CORP. Buy if it Closes above $67.87 on High Volume.
GE GENERAL ELECTRIC CORP. Relative Strength is Below 80 needed for Large Caps. Wait for next Daily Money Wave Buy Signal.
KMX CARMAX INC. Buy if it Closes above $89.68 on High Volume.
NWL NEWELL BRANDS Buy if it Closes above $20.84 on High Volume.
RAD RITE AID CORP. Wait for the next Daily Money Wave Buy Signal.
Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
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
QUESTION: Jerry S. writes “How do I know when to Sell?”
ANSWER: Hi Jerry. Please follow the Rules for Selling below based on the Time Frame that you want to be in the Investment:
- Short Term: Sell when it Closes below the Pink Line (10-day avg.)
- Medium Term: Sell when it Closes below the Red Line (50-day avg.)
- Long Term: Sell when it Closes below the Green Line (250-day avg).
Or Follow the PORTFOLIO (please click) on your daily emails.
Good trading, and tell your friends!
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