09/13/2020 Markets were down for the week as the Big Techs finally corrected. Apple & Tesla have dropped 20% & 34% respectively from the recent Highs, as Tammy just had to Buy High on the Good News of the stock splits.
The Strongest Leaders are back down in the Green Zones for Money Wave Buys soon. The Leading Indices need to bounce up soon near the Red Lines (50-day avgs.) if the Markets are going to stay strong. Smart Money has been taking profits Way Above the Green Line.
The Strongest Investments should quickly pop back up to re-test the recent Highs, if the Markets can bounce up here. These are NASDAQ 100 (QQQ), Semiconductor Fund (SMH), Home Building Fund (XHB), Internet Fund (FDN) Solar Fund (TAN) & Retail Fund (XRT).
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 down 1.66%, the S&P 500 was down 2.51%, and the Nasdaq 100 was down 4.63%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was down 2.19% and is below the Green Line, indicating Economic Weakness.
Bonds were up 1.07% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.34% for the week and is Below the Green Line.
Crude Oil was down 6.14% for the week at $37.33 and GOLD was up 0.70% at $1947.90.
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MONEY WAVE BUYS SOON
We are currently in 7 logged Current Positions, for the Short & Medium Term. There are 9 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.
AUY YAMANA GOLD Wait for Money Wave Buy Signal soon. All time High is $18.50.
FCEL FUELCELL ENERGY INC. Buy if it Closes above $3.42 on High Volume. All time High is $682.00.
INO INOVIO PHARMA. Buy if it Closes above $11.89 on High Volume. All time High is $33.79.
LLY ELI LILLY & CO. Buy if it Closes above $154.41 on High Volume.
MRNA MODERNA INC. Buy if it Closes above the Red Line on High Volume.
NK NANTKWEST INC. Buy if it Closes above $6.94 on High Volume. All time High is $35.00.
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 – Next Quarterly Rotation will be on was on Sep 30 & Oct 1, 2020.
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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QUESTION: Jose M writes “Morning, I seem to have difficulties on finding the Money Wave chart on the ETFs. Thanks.”
ANSWER: The Charts and Money Waves can be pulled up by clicking on the Symbol of the Investment on the Watch List or Current Positions links in every Daily email.
The Money Wave is the Red and Green Zone on the bottom part of the Chart. Buy when the Money Wave has gone down into the Green Zone, and then turns up above 20.