01/26/2020: Markets were down slightly for the week on profit taking and Corona Virus Fears. Many are waiting on Earnings this week from the big five almost all Trillion Dollar Companies (Apple Jan 28, Google, Feb 3, Amazon, Jan 30, FaceBook Jan 29, and Microsoft Jan 29. These five companies make up about 19% of the S&P 500 value.
Currently the Indices are Way Above the Green Lines, but the CNN Greed Index has slipped back to 62.
New Subscribers: The Leaders and strongest Indices are finally about to return down to the Green Zones (first time since October, and it is usually every 1-2 months). This should create better bounces up from Money Wave Buy Signals.
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.
For the week the Dow was down 1.18%, the S&P 500 was down 0.96%, and the Nasdaq 100 was down 0.30%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 3.90% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 2.94% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.27% for the week and is over-bought.
Crude Oil was down 7.49% for the week at $54.19, and GOLD was up 0.74% at $1571.90.
_____________________________________________________________________________________________
NEW! LONGER TERM INVESTMENT STRATEGIES:
DOGS OF THE DOW For Value Investors with Dividends.
ETF SECTOR ROTATION SYSTEM For Retirement Plans (IRAs & 401k Plans).
MONEY WAVE BUYS SOON:
We are currently in 2 logged Open Positions, for the Short & Medium Term. There are 8 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.
ARWR ARROWHEAD PHARMA. Buy if it Closes above the Pink Line on High Volume.
GDX GOLD MINERS FUND Buy if it Closes above $31.06 on High Volume.
GE GENERAL ELECTRIC CORP. Buy if it Closes above $12.23 on High Volume.
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. Struggling to hold Above the Green Line. WAIT .
STNG SCORPIO TANKERS Buy if it Closes above the Pink Line on High Volume.
______________________________________________________________________________________
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
___________________________________________________________________________________________
Leave a Reply
You must be logged in to post a comment.