3/7/2021 Markets were up for the week, but the Big Tech and Momentum stocks pulled back sharply on profit taking and higher Interest Rates. Most major Indices were able to Close back above the Red Lines (50-day avgs.) as Banking and Oil Stocks became much stronger recently. The Indices need to bounce up soon and make New Highs for this rally to continue. The Stimulus Bill should be approved very soon, which could pop the Markets back up to re-test the recent Highs.
Many Leaders and Momentum Investments are now on Sale 40-60 % off from last month’s Highs. Tammy now has FEAR because she bought Way Above the Green Lines and is getting Flushed out with losses. That’s when we like to Buy. The Swing Trading Watch List has 10 Candidates to Buy soon, and the Long Term list below has many favorites on Sale.
For the week the Dow was up 1.87%, the S&P 500 was up 0.81%, and the Nasdaq 100 was down 1.74%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 1.58% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 2.83% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 1.02% for the week and is returning up to the Green Line..
MONEY WAVE BUYS SOON
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS (Several Leaders have pulled back near the Green Lines.)
Currently very few Leading Investments that are down near the Weekly Green Zones. Caution.
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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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