11/29/2020 Markets were up for the week as the major Indices are back up near the Highs (Resistance). Most of you don’t want to hear this, but the Markets are almost as Over-bought now as they were in January, before Covid 19. The CNN Fear & Greed Index is back up to 92 (the highest since January, from a recent low of 23 earlier this month.
Lots of Good News about Low Interest Rates, favorable Virus Vaccine news, and better than expected Earnings, which is when Smart Money Sells. Probably the only Good News left for the Short Term would be another Stimulus Plan.
For the week the Dow was up 2.29%, the S&P 500 was up 2.35%, and the Nasdaq 100 was up 2.97%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 3.08% and is Above the Green Line, indicating Economic Strength.
Bonds were down 0.80% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 0.68% for the week and is Below the Green Line.
Crude Oil was up 7.33% for the week at $45.53 and GOLD was down 4.50% at $1788.10.
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MONEY WAVE BUYS SOON
We are currently in 4 logged Current Positions, for the Short & Medium Term. There is 1 Investment on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM INVESTMENTS (Most of the Leaders are back up in the Weekly Red Zones.)
Buy the Leading Investments that are down near the Weekly Green Zones.
ALT ALTIMMUNE INC. Buy if it Closes above the Red Line of $11.89 on High Volume.
CRON CRONOS GROUP Buy if it Closes above $9.00 on High Volume.
FCEL FUELCELL ENERGY INC. Up another 75 % this week!
GDX GOLD MINERS FUND Buy if it Closes above the Pink Line on High Volume.
INSG INSEEGO CORP. Buy when it Closes above the Red Line around $9.77.
KGC KINROSS GOLD CORP. Buy if it Closes above the Pink Line on High Volume.
NVAX NOVAVAX INC. Bought and Sold this week for a 26.7 % Gain.
RIOT RIOT BLOCKCHAIN Wait for the next Daily Money Wave Buy Signals.
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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.
Tell your Friends about the Green Line, and Help Animals.
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QUESTION: Praveen writes “I am not receiving alerts for the buy and sell I am just getting end of day email. can you help?”
Thanks.
ANSWER: We currently have 1 email going out Daily, the Money Wave Avert! which is sent between 3:40 -3:50 EST. Most members do best with Swing Trading (3 days to 3 weeks) than with Day Trading (most Investors lose).
We are sending out Day Trading Tweets for free to subscribers on Twitter @AboveGreenLine on Twitter
But most follow the Watch List and New Penny Stock Watch List during the day, as they are constantly being updated.
We are also testing Live Streaming on YouTube, which has these current Watch Lists running “real time”.
Thank you for writing,
ATGL