09/01/2019: Markets were up for the week, after the S&P 500 Index went down to re-test last week’s Low and held higher. Some of the Indices are back above the Red Lines (50-day avgs.) which is Bullish. The Small Caps and Transports are still weak.
The 2 FEAR Trades (Bonds and Gold) are very extended and look like they could finally start correcting back down to their Green Lines. FEAR is a temporary human emotion and does not last that long, so this could be Bullish for Stocks if the FEAR subsides. (A Trade Deal coming?)
For the week the Dow was up 3.06%, the S&P 500 was up 2.67%, and the Nasdaq 100 was up 2.97%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was up 1.04% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 0.90% for the week and are Way Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 1.32%, and made a 3 year High.
Crude Oil was up 1.72% for the week at $55.10, and GOLD was down 0.53% at $1529.40.
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MONEY WAVE BUYS SOON:
We are currently in 2 logged Open Positions, for the Short & Medium Term. There are 4 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.
EVRI EVERI HOLDINGS Buy if it is going to Close above $9.79.
KTOS KRATOS DEFENSE Wait for next Daily Green Zone Buy.
PYPL PAYPAL HOLDINGS Wait for next Daily Green Zone Buy.
SBGI SINCLAIR BROADCAST GROUP Wait for next Daily Green Zone Buy.
XRX XEROX CORP. Buy when it Closed back Above the Green Line.
ZEN ZENDESK INC. Buy if it is going to Close above $78.87.
ZNGA ZYNGA INC. Wait for next Daily Green Zone Buy.
ZS ZSCALER INC. Buy if it is going to Close above $71.25.
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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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