03/01/2020: Markets were down big for the week as the Markets had been Way Above the Green Lines (GREED), and the weaker Indices (Small Caps, NYSE & Transports) could not make Higher Highs (Warning). Many will blame the drop on the Corona Virus, but as Technical Analysts, we don’t really care WHY human Emotions flip from Greed to Fear. We just know that human Emotions are temporary. And Emotions allow wise Investors who Buy on FEAR and Sell on GREED to make money. The CNN Fear & Greed Index is down from 95 (Greed) in Jan. to 9 (Fear). Classic!
Only the NASDAQ 100 Index is currently Above the Green Line, so it is normally safer to only put new Money in the NASDAQ 100 Fund (QQQ) at this time.
The Markets should have an over-sold bounce soon. But since the decline last week was very steep, it will normally take the Markets a while to heal (normally a pop up, then back down again). That is why you should Buy only the Strongest Leaders which are finally back in the Green Zones for Money Wave Buys soon.
New Subscribers: The Leaders are now back down in the Green Zones. Please be patient and WAIT for Green Zone Buys soon.
For the week the Dow was down 12.36%, the S&P 500 was down 11.16%, and the Nasdaq 100 was down 10.43%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 8.70% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 4.91% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 1.12% for the week after making New Highs last week.
Crude Oil was down 16.15% for the week at $44.76 and GOLD was down 4.98% at $1566.70.
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MONEY WAVE BUYS SOON:
We are currently in 3 logged Open Positions, for the Short & Medium Term. There are 16 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM INVESTMENTS (concentrating more on the Short Term now)
Buy the Leading Investments that are down near the weekly Green Zones.
ARWR ARROWHEAD PHARMA. Buy if it Closes above $46.42 on High Volume.
CYH COMMUNITY HEALTH SYSTEMS Buy on the next Daily Money Wave Buy Signal soon.
DB DEUTSCHE BANK Buy on the next Daily Money Wave Buy Signal soon.
GDX GOLD MINERS FUND Buy if it Closes above $31.06 on High Volume.
GE GENERAL ELECTRIC CORP. Buy on the next Daily Money Wave Buy Signal soon.
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Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
New ETF Sector Rotation System
Long Term Strategy for IRAs & 401k Plans: Currently invested in all 4 Funds.
Alert! Market Risk is LOW (Green 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
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QUESTION: Dan S. writes: On your short term on deck selections, are we to buy using the 60 min chart or the the daily chart? The comments say “wait for the money wave to close > 20”. I notice the Daily chart money wave will show below 20 while the 60 min wave will show >20.
Does the system trigger the actual buy signal based on the daily chart or the 60 min chart for short term investments?
ANSWER: Hi Dan. All Signals are based on the Daily Money Wave (Slow Stochastic) Closing > 20. Please follow the Signals on the Daily Email Alerts.
If the Daily money Wave is going to Close > 20 on the day, you can use JUMP START (60-min charts) to try for a better price during the day.
Thank you,
AGL
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