10/1/2023 Markets were mostly lower for the week as Treasury Bonds dropped another 3%, down slightly below the October Support. The low Bond prices have caused long term Interest & Mortgage Rates to surge up and create slow down Fears. But T-Bonds are over sold (Way Below the Green Line) on FEAR, and near Support. Last October when Bonds went down and bounced up from the Support, the S&P 500 rallied 15%.
Stocks need Bonds to bounce up, and then the S&P 500, NASDAQ 100 and Tech Funds should complete the A-B-C Correction of Wave 4 down soon. Then we should finally see the Markets go up on Wave 5 to retest the high.
Currently Only 14% of Stocks are still above the 50-day averages, just like at the March low. Historically that has been an excellent time to load up with Stocks for a bounce. Try to Buy Investments that held above the 50-day, as they normally bounce up first.
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.
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For the week the Dow was down 1.36%, the S&P 500 was down 0.68% and the NASDAQ 100 was up 0.10%. Many of the major Indices still have a Relative Strength below 80, so you should currently own the stronger Funds here.
The Inflation Index (CRB) was down 0.51% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 3.00% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 053% for the week and is Above the Green Line.
Crude Oil was up 0.84% for the week at $90.79 and GOLD was down 4.09% at $18.66.10.
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We are doing many micro Day Trades on our new Discord site (free). Please join Discord on your cell phone app for day trading mobile notifications during the day. Other methods of notification have been too slow. Also, please check our our Live Streaming on YouTube during Market hours.
More action this week on the Day Trading Scrolling Charts, and Day Trading Charts for Indices & Large Caps.
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MONEY BUYS SOON:
We are in now in 10 logged Swing Trading Positions (fully invested) for the Short & Medium Term. There are only 2 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS:
Long Term Scrolling Charts (Real Time)
AI C3 AI INC. Buy above $30.08 with High Volume with a 3% Trailing Sell Stop Loss below it.
BLDR BUILDERS FIRSTSOURCE Wait for next Weekly Money Wave Close > 20 with High Volume.
GBTC GRAYSTONE BITCOIN FUND Buy above $21.10 with High Volume with a 3% Trailing Sell Stop Loss below it.
ITB HOME BUILDING FUND Wait for next Weekly Money Wave Close > 20 with High Volume.
ORCL ORACLE CORP. Wait for next Weekly Money Wave Close > 20 with High Volume.
PINS PINTEREST INC. Buy above $30.86 with High Volume with a 3% Trailing Sell Stop Loss below it.
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 3% Trailing Sell Stop Loss below it.
W WAYFAIR INC. Buy above $90.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
WW WEIGHT WATCHERS INT’l. Buy above $12.13 with High Volume with a 3% Trailing Sell Stop Loss below it.
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My Trading Dashboard
Swing Trading Scrolling Charts
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Click for Watch Lists
Click for Current Positions
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Updated Top 100 List Oct 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 Low (GREEN). 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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5 Ways to Get your Daily Money Wave Email Alert:
-
- Emailed to your box between 3:45 – 3:50 pm EST.
- Website menu Commentary/Buy/Sell Signals
- Discord Chat. and X (Twitter) @AboveGreenLine mobile notifications are the fastest (please set up “mobile notifications”)
- Text messages: Email us your Cell number & phone carrier.
Thank you,
ATGL
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