09/15/2019: Markets were up again for the week, as the Indices are discounting probable Good News soon from a FED Rate Cut and a meeting to resolve the Trade War. The S&P 500 Index is back up to the July High Resistance of 3028. The Small Caps and Transports which had been lagging the Markets, did some catch up as both were up almost 5 %.
Many do not understand the difference between the Short Term FED Funds Rate and the Rate on 10 Year Note (used for setting Mtg. Rates)… Fed Funds should be cut next week from 2.25% to 2.00% so the Markets are excited. But the 10 Year Note which is based on demand, just had its’ Yield rise from 1.43% to 1.9% this month. That is a 32 % increase in rates this month from FEAR disappearing!
The 2 FEAR Trades (Bonds and Gold) were both down again for the week, as the FEAR is diminishing. Bonds and Gold still have High Momentum and could re-test the Highs again after correcting down a little more. (See Watch List ). Maybe some profit taking in Stocks when the FED lowers the Fed Funds rate by 1/4 point on Wednesday (GOOD NEWS).
For the week the Dow was up 1.60%, the S&P 500 was up 1.02%, and the Nasdaq 100 was up 0.50%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was up 1.26% and is Below the Green Line, indicating Economic Weakness.
Bonds were down 6.34% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 0.22%, but near a 3 year High.
Crude Oil was down 2.95% for the week at $54.85, and GOLD was down 1.06% at $1499.50.
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MONEY WAVE BUYS SOON:
We are currently in 5 logged Open Positions, for the Short & Medium Term. There are 11 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.
SBGI SINCLAIR BROADCAST GROUP Buy if it is going to Close above $47.55.
TTD TRADE DESK INC. Wait for Weekly Money Wave Close > 20.
ZNGA ZYNGA INC. Buy if it is going to Close above $5.99.
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Click for Portfolio (Open Positions)
Click for Watch List
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.
Tell your Friends about the Green Line, and Help Animals
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QUESTION: Alberto writes “AGL: Little question: what does the green dot on the portfolios holdings mean? Thank you.”
ANSWER: Hi Roberto, please click on the Symbol Link for a Daily Chart, and on the Green Dot to see the 60-min Chart of the Investment.
Good trading, and tell your friends!
AGL
