06/09/2019: Markets were up big for the week, the Indices bounced up near the Green Lines. The down move from the April Highs was probably an A-B-C Correction, and after some backing and filling the Markets could go back up to re-test those Highs.
The FEAR and Bad News now has quickly disappeared… Remember, Smart Money Buys on Bad News and Sells on Good News.
Bonds see an Economic Slow Down coming, but are Way Above the Green Line (which means that Emotions have caused Buyers to over-react). That means Bonds will probably drop (possibly more FED Printing or Trade Deal?)
For the week the Dow was up 4.85%, the S&P 500 was up 4.41%, and the Nasdaq 100 was up 4.08%. The very Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 0.54% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 0.14% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 1.06% after being over-bought and almost near a 3 year High.
COMPLETED TRADES THIS WEEK:
2019-05-29 PLNT Planet Fitness $74.56 2019-06-07 $77.96 $3.40 4.56%
2019-05-30 SBUX StarBucks Corp. $76.17 2019-06-07 $82.48 $6.31 8.28%
2019-06-03 TSN Tyson Foods $78.06 2019-06-07 $82.45 $4.39 5.62%
2019-03-12 CIEN CIENA Corp. $39.79 2019-06-06 $45.49 $5.70 14.33%
2019-05-28 BLL Ball Corp. $61.20 2019-06-05 $64.45 $3.25 5.31%
MONEY WAVE BUYS SOON:
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS
Buy the Leading Investments that are down near the weekly Green Zones.
AES AES CORP. Wait for the next Daily Money Wave Buy Signal.
AU ANGLOGOLD LTD. Wait to Buy on a pull back near the Red Line around $12.75.
CRON CRONOS GROUP Wait for a Close above the Red Line of $16.18.
DXCM DEXCOM INC. Buy when it is going to Close above $126.73.
GRMN GARMIN LTD. Wait for a Close above the Red Line of $79.83.
LLY ELI LILLY & CO. Buy when it is going to Close above $119.00.
QCOM QUALCOMM INC. Wait for a Close above the Red Line of $70.50.
XLNX XILINX INC. Wait for a Close above the Red Line of $112.97.
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.
Tell your Friends about the Green Line, and Help Animals
4 Ways to Get your Daily Money Wave Alert:
- Emailed to your box between 3:30 3:50 pm EDT.
- Website menu Commentary/Buy/Sell Signals
- Twitter notifications are the fastest and most reliable @AboveGreenLine
- Text messages: Email us your Cell number & phone carrier.