11/25/2018: Last Quarter Great Earnings came out and the HERD bought Stocks Way Above the Green Line on the Good News. Smart Money took profits on the Good News. Now the HERD is Selling as they are finally seeing that the Economy is slowing down (Bad News). Smart Money is waiting to get back into the over-sold Markets if they hold near Support on Bad News.
Probably some Good News coming soon like Not Raising Rates in Dec. by the FED, or a China Trade Agreement (so the Herd can Buy back in).
Markets were down for the week, as the Indexes are going back down to re-test the October Lows. The Strongest Leaders that are holding Above the Green Line should go back up to re-test the September Highs (see Long Term List below).
Investments that are struggling Below the Green Line should probably be Sold on the next rally.
For the week the Dow was down 4.44%, the S&P 500 was down 3.83%, and the Nasdaq 100 was down 4.95%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 4.11% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 0.38% for the week and are Below the Green Line, indicating Economic Strength.
The US DOLLAR was up 0.62%, and is currently over-bought.
Crude Oil was down 11.04% for the week at $50.42, and GOLD was unchanged at $1223.
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MONEY WAVE BUYS SOON:
We are currently in 7 logged Open Positions, for the Short & Medium Term. There are 5 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM TRADES
The Long Term List has become large, and if the Investments below can Bounce up off the Green Line with Above 80 Relative Strength, some could re-test their Highs.
ADBE ADOBE SYSTEMS Wait for weekly Close Above the Red Line of $244.31 (50-day avg.)
ARWR ARROWHEAD PHARMA. Wait for weekly Close Above the Red Line of $14.23 (50-day avg.)
CVNA CARVANA CO. Wait for weekly Close Above the Red Line of $47.30 (50-day avg.)
FOSL FOSSIL GROUP Place Buy Stop Order above $24.28 on the Close.
FTNT FORTINET INC. Wait for weekly Close Above the Red Line of $76.04 (50-day avg.)
LULU LULULEMON ATHLETICA Wait for weekly Close Above the Red Line of $136.94 (50-day avg.)
OKTA OKTA, INC. Wait for weekly Close Above the Red Line of $57.87 (50-day avg.)
QQQ NASDAQ 100 Fund Wait for weekly Close Above the Red Line of $170.78 (50-day avg.)
RUN SUNRUN, INC Place Buy Stop Order above $13.50 on the Close.
URBN URBAN OUTFITTERS Place Buy Stop Order above $41.77 on the Close.
WWE WORLD WRESTLING Wait for weekly Close Above the Red Line of $73.59 (50-day avg.)
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