10/04/2020 Markets were up for the week but lost momentum on Friday. The Indices became over-bought on Thursday for the Short Term, but the Indices were able to Close back above their Red Lines (50-day avgs.) which is Bullish. The CNN Fear & Greed Index is back down to 40 as some FEAR has returned (also Bullish).
The Markets are currently pricing for a Biden victory as the Solar (TAN), Clean Energy (ICLN), and Electric Vehicle (TSLA) Investments are extremely over-bought. The other Strongest Investments should pop back up to re-test the recent Highs.
PENNY STOCK WATCH LIST has many Green Zones Buy Signals soon that are 50-80% off the recent Highs.
For the week the Dow was up 1.88%, the S&P 500 was up 1.55%, and the Nasdaq 100 was up 1.01%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was down 2.86% and is below the Green Line, indicating Economic Weakness.
Bonds were down 1.33% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 0.70% for the week and is Below the Green Line.
Crude Oil was down 7.95% for the week at $37.05 and GOLD was up 2.21% at $1907.60.
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MONEY WAVE BUYS SOON
We are currently in 14 logged Current Positions, for the Short & Medium Term. There are only 3 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 above $15.63 on High Volume.
AUY YAMANA GOLD Wait until it breaks the Daily down-trend line.
FCEL FUELCELL ENERGY INC. Buy if it Closes above $3.42 on High Volume. All time High is $682.00.
RRC RANGE RESOURCES CORP. Wait for the next Daily Money Wave Buy. All time High is $92.45.
RIOT RIOT BLOCKCHAIN INC. Wait for the next Daily Money Wave Buy. All time High is $46.20.
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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.
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AGL