03/08/2020: Markets were up slightly after a wild week of 3% daily swings. The Markets had a big over-sold bounce on Monday, but since the big decline 2 weeks ago was very steep, it normally takes 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 finally went back down to in the Green Zones and had Money Wave Buys this week.
The Markets were Way Above the Green Lines (GREED) in January (take profits), but now the Leaders could be bottoming soon if they can hold above last week’s Lows. FEAR is very high now, but human Emotions are temporary. The CNN Fear & Greed Index is down from 95 (Greed) in Jan. to 7 (Fear). And Emotions allow wise Investors who Buy on FEAR and Sell on GREED to make money.
Currently the NASDAQ 100 Index is only major Index that is Above the Green Line, so it is normally safer to only put new Money in the NASDAQ 100 Fund (QQQ) at this time. The weaker Indices (Small Caps & Transports) could not make Higher Lows this week (Warning).
New Subscribers: Please be patient and WAIT for Green Zone Buys Signals on your Daily Email Alert.
For the week the Dow was up 1.79%, the S&P 500 was up 0.41%, and the Nasdaq 100 was up 1.08%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 2.26% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 7.54% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 1.92% for the week and is now over-sold.
Crude Oil was down 7.77% for the week at $41.28 and GOLD was up 6.75% at $1672.40.
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MONEY WAVE BUYS SOON:
We are currently in 10 logged Open Positions, for the Short & Medium Term. There are 4 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 $43.69 on High Volume.
CPRT COPART INC. Buy if it Closes above $88.14 on High Volume.
CYH COMMUNITY HEALTH SYSTEMS Volume has not been high… Buy on the next Daily Money Wave Buy Signal.
GDX GOLD MINERS FUND Buy if it Closes above $31.84 on High Volume.
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Click for Portfolio (Open Positions)
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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.
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