7/05/2021 Markets were up again for the week as the S&P 500 & NASDAQ 100 Indices both made New Highs. But the DOW 30 and Small Caps Indices are now weaker. Money is not leaving the Markets, as the FED has promised that they will continue Buying $120 BILLION of Debt monthly until next year. So many Investors see no FEAR and will not Sell..
So now we should measure the Reward / Risk of being in the Markets for the Short Term. The S&P 500 is currently 14.7 % Above the Green Line (and it will eventually return to the Green Line). Before Buying any Investment, your goal should be to have at least a 2 : 1 Reward / Risk ratio. Therefore the S&P would have to go up another 29.4 % later this year, to justify the 14.7 % downside risk of a normal pull back to the Green Line. Are you betting on another 29.4 % rally later this year?
This lack of Selling has made it harder for us to make much Money lately using the Green Line System, That is because the Markets are not pulling back, as the HERD has no discipline and is becoming Fully Invested. But that will change. The HERD is complacent and not Selling. We like to Buy when the HERD is SCARED and panic Selling…
For the week the Dow was up 1.01%, the S&P 500 was up 1.67%, and the Nasdaq 100 was up 2.63%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 2.16% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were up 2.27 % for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.62% for the week.
Crude Oil was up 1.50% for the week at $75.16 (a New High) and GOLD was up 0.31% at $1783.30.
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MONEY WAVE BUYS SOON
We are currently in only 2 logged Current Positions, for the Short & Medium Term. There are 9 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM INVESTMENTS (Many Leaders have pulled back , but Markets are near Highs.)
KIRK KIRKLAND’S INC. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
RIOT RIOT BLOCKCHAIN Buy the next Daily Money Wave Buy Signal with High Volume.
TRIP TRIPADVISOR INC. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
ZKIN ZK INT’L. GROUP Buy if it Closes above the Red Line (50-day avg.) with High Volume.
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Alert! Market Risk is MEDIUM (Yellow Zone). The probability of successful Short Term Trades is better, when the % of stocks above the 50-day avg. is below 20.
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ATGL