3/14/2021 Markets were up big for the week on the excitement of a $1.9 Trillion Stimulus Plan. The major Indices were able to bounce up off the Red Lines (50-day avgs.) and the DOW 30 Index and Small Caps were able to make new Highs. Banking and Oil Stocks have become much stronger but Big Tech and many Momentum Stocks have underperformed.
The Indices are back up at Resistance and need to make New Highs for this rally to continue. The NASDAQ 100 Fund is currently the weakest and is still below the Red Line (50-day avg.)
Tammy is piling into the Stock Market at record Highs, and her justification is because Interest Rates are so Low from FED Printing. But Smart Money knows that Inflation is coming, while the FED tells us that there is no Inflation… Believe who you want, but you should “Follow the Money”. Bonds made New Lows for the week and Commodity Prices are on Highs. And the FED has a history of ending their massive Printing without much notice. Money will eventually flow where Tammy is not. The Green Line System will help guide you into Sectors where Smart Money is Buying.
Completed Trades this week:
ETM Entercom Comm. Target was Hit for a 16.6 % Gain. This trade was not logged.
FUTU Futu Holdings ADR Sold on the Close via Email for a 30.48 % Gain.
For the week the Dow was up 4.15%, the S&P 500 was up 2.72%, and the Nasdaq 100 was up 2.20%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 0.18% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 2.05% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was down 0.32% for the week and is returning up near the Green Line..
Crude Oil was down 0.73% for the week at $65.61 and GOLD was up 1.25% at $17.19.80.
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MONEY WAVE BUYS SOON
We are currently in 6 logged Current Positions, for the Short & Medium Term. There are 2 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM INVESTMENTS (Several Leaders have pulled back near the Green Lines.)
ARKK ARK INNOVATION ETF Popped up 8 % this week. Will try to Buy below $115.
BE BLOOM ENERGY CORP. Popped up 19 % this week. Will try to Buy below $26.
FCEL FUELCELL ENERGY INC. Popped up 39 % this week. Missed it.
LL LUMBER LIQUIDATORS Popped up 10 % this week. Will try to Buy below $24.
NIO NIO INC. Popped up 19 % this week. Will try to Buy below $40.
PTON PELOTON INTERACTIVE Popped up 6 % this week. Will try to Buy below $105.
TSLA TESLA INC. Popped up 16 % this week. Will try to Buy below $630.
XBI BIOTECH FUND Weekly Money Wave must Close in the Green Zone.
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QUESTION: David A writes: “I don’t get the Alerts during the day. What gives?”
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