6/6/2021 Markets were up slightly again this week as the Stock Indices are trying to exceed the previous Highs. Many are concerned about Inflation and normally we can look to the Bond Market for the answer. Bonds are Below the Green Line which indicates Inflation Fears, and normally if Inflation gets bad, Bonds will normally tank until Inflation is dealt with. But with the FED still Buying $80 Billion of Gov’t. Debt monthly to prop up Bonds, we can’t get an accurate reading of Inflation.
Many Investors don’t have the patience to WAIT for the Stock Markets to pull-back, but they will. This has made it harder to make money this quarter, and the Market Volume is lower because Smart Money is not Buying much up at these levels. However, there are several Long Term Investments below that have already corrected 30 % (down near the Green Lines) and should pop back up again. The Green Line System mainly follows these Momentum Stocks, so trading should improve when these normally bounce back up.
For the week the Dow was up 0.65%, the S&P 500 was up 0.61%, and the Nasdaq 100 was up 0.50%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 2.23% for the week (a New High) and is Above the Green Line, indicating Economic Expansion.
Bonds were up 1.20% for the week, but are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.16% for the week.
Crude Oil was up 4.98% for the week at $69.62 (a New High) and GOLD was down 0.70% at $1892.00.
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MONEY WAVE BUYS SOON
We are currently in 6 logged Current Positions, for the Short & Medium Term. There are only 3 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 on Highs.)
DBC COMMODITY FUND Buy on the next Daily Money Wave Buy Signal with High Volume.
ETSY ETSY INC. Buy if it Closes above $175.14 with High Volume.
FCEL FUELCELL ENERGY INC. Buy if it Closes above $10.63 with High Volume.
ICLN GLOBAL CLEAN ENERGY FUND Buy if it Closes above the Red Line (50-day avg.) with High Volume.
PENN PENN NATIONAL GAMING Buy if it Closes above the Red Line (50-day avg.) with High Volume.
PLUG PLUG POWER INC. Buy if it Closes $31.82 with High Volume.
RIOT RIOT BLOCKCHAIN Buy on the next Daily Money Wave Buy Signal with High Volume.
TAN SOLAR FUND Buy if it Closes above the Red Line (50-day avg.) with High Volume.
TRIP TRIPADVISOR INC. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
TSLA TESLA INC. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
XBI BIOTECH FUND Buy if it Closes above the Red Line (50-day avg.) with High Volume. (Relative Strength is below 80).
ZKIN ZK INT’L. GROUP Buy if it Closes above the Red Line (50-day avg.) with High Volume.
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UPDATED Top 100 List Jun 2, 2021
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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.
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QUESTION: Tom K writes “Hello. You sent me Buys today less than five minutes before closing!”
ANSWER: Hi Tom. Thank you for writing! Emails can be sometimes delayed at your email server or can go into your Spam Folder.
Many will look at My Trading Dashboard before the Close as the Watch Lists and Scrolling Charts should be current & updated before the Daily email is sent.
You might want a backup also… Twitter notifications are the most reliable and fastest.
4 Ways to Get your Daily Money Wave Alert:
- Emailed to your box between 3:40 3:50pm EST.
- Website menu Commentary/Buy/Sell Signals
- Twitter notifications @AboveGreenLine
- Text messages: Email us your Cell number & phone carrier.
Thank you,
ATGL