11/08/2020 Markets were up sharply for the week as the Indices were very over-sold and the Election FEARS went away. The Markets are now over-bought for the Short Term and probably need a Stimulus Plan to go higher. The Indices don’t seem to care who is President, as long as the FED keeps Printing Money.
Eventually when a Covid vaccine is in place, the World Economy should heat up and could cause Inflation from the weak Dollar and FED Printing. The CNN Fear & Greed Index is up to 40, from a low of 23.
Most of the Leaders were back down in the Green Zones last week and then the Market had a big pop up. We Bought on FEAR recently and several positions already hit the Targets or were Sold this week:
EEM EMERGING MARKETS FUND + 1.8%
FCX FREEPORT COPPER +5.9%
ICLN CLEAN ENERGY FUND +9.16%
NVTA INVITAE CORP. -0.65%
PLUG PLUG POWER +13.99%
ROKU ROKU INC +9.4%
SMH SEMICONDUCTOR FUND +6.3%
SOLO ELECTRAMECCANICA VEHICLES +4.17%
Z ZILLOW GROUP +19.9%
For the week the Dow was up 6.85%, the S&P 500 was up 7.23%, and the Nasdaq 100 was up 9.37%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 2.05% and is below the Green Line, indicating Economic Weakness.
Bonds were up 1.28% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 1.89% for the week and is Below the Green Line.
Crude Oil was up 3.77% for the week at $37.14 and GOLD was up 3.82% at $1951.70.
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MONEY WAVE BUYS SOON
We are currently in 8 logged Current Positions, for the Short & Medium Term. There are 1 Investments 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 $15.63 on High Volume.
FCEL FUELCELL ENERGY INC. Buy if it Closes above $3.42 on High Volume. All time High is $682.00.
DKNG DRAFTKINGS INC. Wait for the next Daily Money Wave Buy Signal.
FSLY FASTLY INC. Volume was Low this week. Maybe Buy next cycle down.
INSG INSEEGO CORP. Buy when it Closes above the Red Line around $10.13.
NVAX NOVAVAX INC. Buy when it Closes above the Red Line around $100.74.
VBIV VBI VACCINES INC. Buy when it Closes above the Red Line around $2.90.
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Click for Current Positions
Click for Watch List
Click for Closed Positions
Dividend Growth Portfolio (we are now posting a Dividend Calendar for the entire portfolio to assist with planning purposes).
ETF Sector Rotation System – The System closed all 5 positions on Sep 30 and Bought SPY QQQ SLV EEM & EFA on Oct 1, 2020 (20% into each).
Long Term Strategy for IRAs & 401k Plans
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.
Tell your Friends about the Green Line, and Help Animals.
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