5/2/2021 Markets were mixed again for the week as the S&P 500 and DOW 30 Indices struggled to make Higher Highs. Great Earnings from FAAMNG Stocks Amazon, Apple, FaceBook, and Google could not help the Markets rally higher. Usually a Market that does not bounce up from Good News is tired. A pull back to the Red Line (50-day average) should set up for better trading soon.
We know that the Markets are very extended (+85 % in the last year) and it is hard to make much Money lately. Conservative Investors should sit back and WAIT for the Indices to return near the Green Lines (like they always do).
There are several Long Term Investments below that have already corrected 30 % (down near the Green Lines) and should pop back up again.
For the week the Dow was down 0.44%, the S&P 500 was up 0.13%, and the Nasdaq 100 was down 0.42%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 1.89% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 1.01% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.47% for the week.
Crude Oil was up 2.32% for the week at $63.58 and GOLD was down 0.57% at $1767.70.
_____________________________________________________________________________________________
MONEY WAVE BUYS SOON
We are currently in 6 logged Current 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!
______________________________________________________________________________________________
LONG TERM INVESTMENTS (Several Leaders have pulled back, but Markets are on Highs.)
FDX FEDEX CORP. Apr 29 Target Hit at $295 for a 13.8 % Gain.
BE BLOOM ENERGY CORP. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
FCEL FUELCELL ENERGY INC. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
ICLN GLOBAL CLEAN ENERGY FUND Buy if it Closes $24.94 with High Volume.
LAC LITHIUM AMERICAS FUND Buy if it Closes above the Red Line (50-day avg.) with High Volume.
PENN PENN NATIONAL GAMING Buy if it Closes above the Red Line (50-day avg.) with High Volume.
PLUG PLUG POWER INC. Buy if it Closes $37.75 with High Volume.
XBI BIOTECH FUND Buy if it Closes above the Red Line (50-day avg.) with High Volume.
XOP OIL & GAS EXPLORATION FUND Volume was not High this week.
______________________________________________________________________________________
Click for Watch Lists
Click for Current Positions
Click for Closed Positions
New: My Trading Dashboard
Day Trading Watch List
NEW Top 100 List May 1, 2021
Dividend Growth Portfolio
ETF Sector Rotation System
Dogs of the DOW System
Long Term Strategy for IRAs & 401k Plans
CNN Fear & Greed Index
Scrolling Stage Chart Investing Charts
Alert! Market Risk is HIGH (Red 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 3:45 3:50pm 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.
Thank you,
ATGL