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:
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.
MONEY WAVE BUYS SOON
Be patient and WAIT for Green Zone Buy Signals!
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.
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.
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
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?”
Good trading and tell your friends!