Finally the strong momentum stocks that we follow are now Leading the Markets up again, instead of the temporary buying of the weak “bottom fishing” and massive Short Covering stocks that were trashed from the end of last year’s Tax Loss Selling. Our Bottom Fishing List (Above) had an unbelievable 42 % average pop, from the Jan 2, 2023 low.
3/5/2023 Markets were higher for the week after long term Interest Rates finally ended a one month rise. So far Treasury Bond prices have been coming down very slowly, which could indicate that long term Interest Rates will not go as high as they did in October (4.42%).
The major Stock Indices went down Below the Green Lines last week and were over sold. Now the major Indices are back Above the Green Lines. Markets might have finished Correcting the very over bought condition from panic buying in January on FOMO (Fear of Missing Out & Greed).
If you continue to Follow the Green Line System, your Money should flow into the Strongest areas and your account value should be able to grow in both Bull and Bear Markets. Follow the MONEY, not the MEDIA..
Swing Trade Targets that were Hit this week:
IVERIC BIO (ISEE) Target Hit at $24 for a 15.9 % Gain. Not Logged.
LAS VEGAS SANDS (LVS) Target Hit at $60 for a 5.6 % Gain. Not Logged.
FIRST SOLAR INC. (FSLR) Target Hit at $180 for an 8.2 % Gain. Not Logged.
INVERSE T-BOND FUND (TBT) Target Hit at $32.25 for a 13.9 % Gain.
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For the week the Dow was up 1.86%, the S&P 500 was up 1.97% and the NASDAQ 100 was up 2.68%. None of the major Indices have a Relative Strength above 80, so you should currently own the stronger Securities here.
The Inflation Index (CRB) was up 2.96% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were up 1.16% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was down 0.64% for the week and is Above the Green Line.
Crude Oil was up 4.40% for the week at $79.68 and GOLD was up 2.06% at $1854.60.
More action this week on the Day Trading Scrolling Charts. and Live Streaming.
DAY TRADING CHARTS FOR INDICES & LARGE CAPS.
We have not had many intra-day Trade Alert signals lately as the Volume has been too Low with the Buy Signals (FED is still tightening). These low Volume Buy Signals tend to pop up and quickly fade back down. We like to see High Volume on rallies. Please check our our Live Streaming during Market hours.
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MONEY WAVE BUYS SOON:
We are in now in 6 logged Swing Trading Positions for the Short & Medium Term. There are 2 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS: (It is still hard to find many Long Term now because most normal Investments no longer have 80 Relative Strength required.)
Long Term Scrolling Charts (Real Time)
CHWY CHEWY INC. Buy above $52.88 with High Volume with a 3% Trailing Sell Stop Loss below it.
COP CONOCO PHILLIPS Wait for Weekly Money Wave Close > 20 with High Volume.
GEO GEO GROUP INC. (Real Estate) Wait for Weekly Money Wave Close > 20 with High Volume.
SH INVERSE S&P 500 FUND Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
TAL TAL EDUCATION GROUP Buy above $10.45 with High Volume with a 5% Trailing Sell Stop Loss below it.
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My Trading Dashboard
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Updated Top 100 List Mar 1, 2023
Dividend Growth Portfolio
Updated ETF Sector Rotation System
Dogs of the DOW System
Long Term Strategy for IRAs & 401k Plans
CNN Fear & Greed Index
Scrolling Stage Chart Investing Charts
Alert! Market Risk is Medium (YELLOW). 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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Thank you,
ATGL
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– CHWY