01/20/2019: Markets were up again this week as the Indices quickly rallied back up to their Green Lines (250-day avgs.) The Green Line is more of a “Fair” value of an Investment (Way Above the Green Line is puffed up by GREED, & Way Below the Green Line is Over-Sold from FEAR).
Investor Sentiment has turned much more positive according to the FEAR Index. Maybe some profit taking soon.
For the week the Dow was up 2.96%, the S&P 500 was up 2.89%, and the Nasdaq 100 was up 2.78%. The very Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was up 2.32% but 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 0.79%, after becoming Over-Sold on the weekly chart.
Crude Oil was up 4.75% for the week at $54.04, and GOLD was down 0.54% at $1283.
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MONEY WAVE BUYS SOON:
We are currently in 4 logged Open Positions, for the Short & Medium Term. There are 2 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM TRADES
Investments below that can Bounce up off the Green Line with Above 80 Relative Strength, could re-test their recent Highs.
ARWR ARROWHEAD PHARMA. Buy if it Closes above $15.47.
CGC CANOPY GROWTH Try to Buy near the Red Line around $35.09 (50-day avg.)
FTNT FORTINET INC. Buy if it Closes above $75.29.
GME GAME STOP CORP. Buy if it Closes above $16.90.
GNW GENWORTH FINANCIAL Buy if it Closes above $5.27.
I INTELSAT GLOBAL Wait for the next Daily Money Wave Buy Signal.
MSFT MICROSOFT CORP. Try to Buy near the Red Line around $104.60 (50-day avg.)
UAL UNITED CON’T. AIR Wait for the next Daily Money Wave Buy Signal.
VER VEREIT, INC. Buy if it Closes above $7.89. (7% Dividend)
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Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
Alert! Market Risk is MEDIUM (Yellow Zone). The probability of successful Short Term Trades is better, when the S&P 500 is down near the Green Line.
Tell your Friends about the Green Line, and Help Animals.
QUESTION: Colin writes “I have followed the recommendations on the buy signals and had the recommended stop losses in. I have stopped out off all positions except one. Ok that’s fine. But in your portfolio the position is still open. How can that be? I am confused as I may have done something wrong.
Please help me to get that right.
Thanks
ANSWER: Sorry for the confusion Colin… The Investment must CLOSE below the Support or Stop Price, to avoid whipsaws by the sleazy market makers. Before the Close we send out the Money Wave Alert emails if there are any Changes to the Stops.
Please check the “SELLS TODAY” section of each email where we warn of positions being Stopped Out on the Close.
Also, the PORTFOLIO PAGE is kept current before the Close with current Stops (on the Close only).
Hope this helps.
AGL