10/06/2019: Markets did not bounce up at the Red Lines (50-day avgs.) last week, and dropped down near the Green Lines before bouncing back up. So far the Bears got a Double Top pattern on the S&P 500 Index. But the Bulls are encouraged by the big bounce on Thursday and Friday.
So the Markets are in a sideways move between the Highs and the Support of the Green Line. Sideways means “Indecision” and then normally a Big Move is coming (Up or Down). We must Wait for the Markets to “tell us”.
For the week the Dow was down 0.87%, the S&P 500 was down 0.36%, and the Nasdaq 100 was up 0.95%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 1.26% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 2.46% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 0.19%, after making a 3 year High.
Crude Oil was down 5.54% for the week at $52.81, and GOLD was up 0.43% at $1512.90.
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MONEY WAVE BUYS SOON:
We are currently in 9 logged Open Positions, for the Short & Medium Term. There are 3 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM INVESTMENTS
Buy the Leading Investments that are down near the weekly Green Zones.
AYX ALTERYX INC. Buy if it is going to Close above $113.15.
CDNS CADENCE DESIGN Buy if it is going to Close above $67.69.
CVNA CARVANA CO. Buy if it is going to Close above the Red Line of $72.55.
SBGI SINCLAIR BROADCAST GROUP Buy if it is going to Close above $45.73.
SBUX STARBUCKS CORP. Buy if it is going to Close above the Red Line of $90.58.
TLRA TELARIA INC. Buy if it is going to Close above the Red Line of $8.12.
TTD TRADE DESK INC. Buy if it is going to Close above $199.36.
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Click for Closed Positions
Alert! Market Risk is MEDIUM (Yell0w 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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