5/30/2021 Markets were up slightly for the week as the Stock Indices are trying to get back up to the recent Highs. Markets are over-bought (Way Above the Green Lines) because of low Interest Rates and FED Printing. Inflation is back, and if the FED does not quit Printing, Inflation will probably get worse. So which month will the FED cut back? Are you prepared for that?
It has been harder to make money this quarter as the Volume is lower from lack of good Buying at these levels. There are several Long Term Investments below that have already corrected 30 % (down near the Green Lines) and should pop back up again. The Green Line mainly follows these Momentum Stocks, so trading should improve when these normally bounce back up.
For the week the Dow was up 1.05%, the S&P 500 was up 1.23%, and the Nasdaq 100 was up 2.12%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 2.40% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were up 0.56% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was down 0.01% for the week.
Crude Oil was up 4.31% for the week at $66.32 and GOLD was up 1.52% at $1905.30.
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MONEY WAVE BUYS SOON
We are currently in 6 logged Current Positions, for the Short & Medium Term. There are only 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, but Markets are on Highs.)
DBC COMMODITY FUND Buy on the next Daily Money Wave Buy Signal with High Volume.
ETSY ETSY INC. Buy if it Closes above $175.14 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 above the Red Line (50-day avg.) with High Volume.
LAC LITHIUM AMERICAS FUND Closed above the Red Line (50-day avg.) but the Volume was not High.
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 $31.82 with High Volume.
RIOT RIOT BLOCKCHAIN Buy on the next Daily Money Wave Buy Signal with High Volume.
TAN SOLAR FUND Buy if it Closes above the Red Line (50-day avg.) with High Volume.
TRIP TRIPADVISOR INC. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
TSLA TESLA INC. Buy if it Closes above the Red Line (50-day avg.) with High Volume.
XBI BIOTECH FUND Buy if it Closes above the Red Line (50-day avg.) with High Volume. (Relative Strength is below 80).
ZKIN ZK INT’L. GROUP Buy if it Closes above the Red Line (50-day avg.) with High Volume.
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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.
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