11/07/2021 Markets were higher again this week, as the major Indices were able to make New Highs on better than expected Earnings and falling Long Term Interest Rates. So with plenty more of FED Printing, most do not want to Sell. However, the Markets are currently over-bought for the Short Term, and the Buying Volume was low.
The FED did Taper on their $120 Billion of monthly DEBT Buying by $15 Billion. The Markets were expecting a larger amount of Tapering so a nice rally began. (Good News). There are plenty of Bearish Divergences (warning signs) in the Markets, but with the FED Printing there are still more Buyers than Sellers. Historically these Bearish Divergences would have lead to larger corrections, but currently most are not going to “Fight the FED”.
If you continue to Follow the Green Line System, your Money should flow into the Strongest areas and your account value should be able to grow in both Bull and Bear Markets.
For the week the Dow was up 1.42%, the S&P 500 was up 2.02%, and the NASDAQ 100 was up 3.23%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was down 1.13% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were up 1.22% for the week, and are back Above the Green Line, indicating Economic Contraction.
The US DOLLAR was up 0.21% for the week and is Above the Green Line.
Crude Oil was down 2.75% for the week at $81.27 and GOLD was up 1.84% at $1816.80.
MONEY WAVE BUYS SOON
We are currently in only 2 logged Current Positions, for the Short & Medium Term (Most Leaders are up in the Red Zones). There are 4 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS (most Leaders are near Highs, and most Large Caps no longer have 80 Relative Strength required.)
Long Term Scrolling Charts (Real Time)
BNTX BIO N TECH Wait for the next Daily Money Wave Buy Signal.
DKS DICKS SPORTING GOODS Wait for the next Daily Money Wave Buy Signal.
MT ARCELOR METTAL SA Already back up in the Weekly Red Zone. Avoid.
MRNA MODERNA INC. Wait for the next Daily Money Wave Buy Signal. Must also Close back above the Green Line.
YETI YETI HOLDINGS Up 10% this week and already Hit the $105 Target. Avoid.
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Updated Top 100 List Nov2 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
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Alert! Market Risk is MEDIUM (Yellow 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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