07/26/2020 Markets were down slightly for the week as the S&P 500 Index was over-bought and was nearing Resistance of the Feb High. Resistance is an area where profit taking came in before, so many will Sell again at Resistance if the Volume is not high. The S&P 500 needs to exceed the Feb Highs of 3394 for this rally up to continue.
The CNN Fear & Greed Index is back up to 63. Inflation could be starting up as Silver broke out this week (+17.77%) and Copper is close to breaking out, along with Gold (+4.83%). Silver & Gold Funds are both in the ETF Sector Rotation System.
The very Strongest Leaders are coming back down near the Red Lines (50-day avgs.), but will normally bounce up again until they Double Top or Fail to make Higher Highs. A Double Top would tell us that there is a lack of Buyers Way Above the Green Lines. We are waiting on the Strongest Leaders AAPL ADBE AMZN DOCU NFLX NVDA PYPL QQQ SHOP TSLA TWLO & ZS to correct back down to the Green Zones.
The Watch List has grown with Leaders as they return to the Green Zones for Money Wave Buy Signals. Several of the recent “Story Stocks” have pulled back down 30-50% as Tammy bought on Good News, and is now getting Flushed Out. NEW PENNY STOCK WATCH LIST
For the week the Dow was down 0.77%, the S&P 500 was down 0.26%, and the Nasdaq 100 was down 1.49%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was down 1.58% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 1.77% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 1.66% for the week and is Below the Green Line.
Crude Oil was up 1.33% for the week at $41.29 and GOLD was up 4.83% at $1897.50, a New High.
MONEY WAVE BUYS SOON
We are currently in 1 logged Current Positions, for the Short & Medium Term. There are 12 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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.
AUY YAMANA GOLD AUY Broke Out above $5.73 but the Volume was not High. Wait for the next Daily Money Wave Buy. All time High is $18.50.
FCEL FUELCELL ENERGY INC. Buy if it Closes above $3.42 on High Volume. All time High s $682.00.
GPRO GOPRO INC. Buy if it Closes above $5.79 on High Volume. All time High s $98.00.
KIRK KIRKLAND’S INC. Wait for the next Daily Money Wave Buy. All time High s $29.50.
RRC RANGE RESOURCES CORP. Buy if it Closes above $7.14 on High Volume. All time High is $92.45.
Click for Current Positions
Click for Watch List
Click for Closed Positions
Dividend Growth Portfolio (we are now posting a Dividend Calendar for the entire portfolio to assist with planning purposes).
ETF Sector Rotation System – New Quarterly Rotation was on June 30 & July 1, 2020.
Long Term Strategy for IRAs & 401k Plans
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: Jose M writes “Morning, I seem to have difficulties on finding the Money Wave chart on the ETFs . Thanks.”
ANSWER: The Charts and Money Waves can be pulled up by clicking on the Symbol of the Investment on the Watch List or PORTFOLIO links in every Daily Email Alert.
The Money Wave is the Red and Green Zone on the bottom part of the Chart (Same as Slow Stochastic). Buy when the Money Wave has gone down into the Green Zone, and then turns up above 20. A Black Arrow indicates a Money Wave Buy Signal.
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