MARKETS WILL BE CLOSED ON MONDAY FOR MLK HOLIDAY.
1/17/2021 Markets were lower for the week as mild profit taking set in. Longer Term Interest Rates and Commodity prices have been rising on more FED Printing and expectations of the Virus peaking. Many of the major Indices are near Highs but are very over-bought and are Way Above the Green Line.
Historically the Markets are too far Above the Green Lines to justify a 2:1 Reward / Risk Ratio. So prudent Investors who like to Buy on FEAR should be raising Cash up here.
Green Line Trading Results this week:
- APPS DIGITAL TURBINE Target was Hit at $58 for a 11.3 % Gain.
- CHWY CHEWY INC. Target was Hit for a 12.3 % Gain.
- FRSX FORESIGHT AUTONOMOUS Target was Hit at $7 for a 57.3 % Gain.
- FUBO FUBOTV INC. Sold on the Close via Email for 28.6% Gain.
- GME GAMESTOP INC. Target was Hit at $21 for a 16.1 % Gain.
- ROKU ROKU INC. Target was Hit at $420 for a 22.5 % Gain.
Please send some profits to help animals (ASPCA.org)
For the week the Dow was down 0.91%, the S&P 500 was down 1.46%, and the Nasdaq 100 was down 2.25%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 1.10% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were up 0.33% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.87% for the week.
Crude Oil was up 0.34% for the week at $52.42 and GOLD was down 0.30% at $1829.90.
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MONEY WAVE BUYS SOON
We are currently in 4 logged Current 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!
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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.
CBAY CYMABAY THERA. Buy if it Closes above the Daily Red Line on High Volume.
CRON CRONOS GROUP Popped up another 20 % this week, but this trade was not logged.
CYH COMMUNITY HEALTH Popped up 12.5 % for the week, but this trade was not logged.
FDX FEDEX CORP. Buy if it Closes above the Daily Red Line on High Volume.
MRNA MODERNA INC. Volume was low on the move above $122.82, so this trade was not logged.
OSTK OVERSTOCK.COM Did not log.
ZM ZOOM VIDEO Wait for Close Above the Daily Red Line.
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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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Francois writes “Maybe the timing was perfect on my part. In the 1st 7 days of trading using ATGL, I’ve averaged +13.3%. Wow!
ASPCA just received a donation.”