09/20/2020 Markets were mixed for the week but the Big Techs corrected more. Apple Amazon Facebook Google Netflix & Microsoft all Closed below their Red Lines (50-day avgs.) but the NYSE and Small Caps were up. Money did not leave the Market, it just rotated.
Many of 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.
The Strongest Investments should pop back up to re-test the recent Highs, if the Markets can bounce up here. These are the Semiconductor Fund (SMH), Home Building Fund (XHB), Internet Fund (FDN) Solar Fund (TAN) & Retail Fund (XRT). (Also CRM NVDA SQ & ZS).
Some nice pops this week on the Long Term List:
INO INOVIO PHARMA. Up 68.65 % this week (Bought on Close above $11.89). EXIT if it is going to Close below the Red Line of $15.18.
MRNA MODERNA INC. Up 17.75 % this week. This trade was not logged as the Volume was not High.
NK NANTKWEST INC. Up 28.64 % this week (Bought on Close above $6.94). EXIT if it is going to Close below the Pink Line of $7.33.
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 0.03%, the S&P 500 was down 0.62%, and the Nasdaq 100 was down 1.32%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 3.50% and is below the Green Line, indicating Economic Weakness.
Bonds were down 0.55% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was down 0.29% for the week and is Below the Green Line.
Crude Oil was up 10.69% for the week at $41.32 and GOLD was up 0.73% at $1962.10.
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MONEY WAVE BUYS SOON
We are currently in 5 logged Current Positions, for the Short & Medium Term. There are 6 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.
COUP COUPA SOFTWARE Buy if it Closes above $254.95 on High Volume.
FCEL FUELCELL ENERGY INC. Buy if it Closes above $3.42 on High Volume. All time High is $682.00.
LLY ELI LILLY & CO. Buy if it Closes above $154.41 on High Volume.
RIOT RIOT BLOCKCHAIN INC. Wait for the next Daily Money Wave Buy. All time High is $46.20.
ZNGA ZYNGA INC. Buy if it Closes above $8.59 on High Volume.
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Click for Current Position
Click for Watch List
Click for Closed Positions
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: Juanita writes “Does the ATGL website list previously posted (or all) “recent comments,” not just the two to three most current ones? I find reading those comments and replies very helpful, but I frequently miss them because I am not on the computer trading every day. Is there somewhere on the website I can find older postings to review?”
ANSWER: Yes Juanita, all emails are available on the Main Menu of the web site under Commentary for weekly, and Buy / Sell Signals for Daily.
Good trading and tell your friends!