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.
MONEY WAVE BUYS SOON
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.)
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
Scrolling Stage Chart Investing Charts
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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