Watchlist and Charts
| Watch List | Watch List Charts |
| Current Positions | Current Charts |
| Closed Results | Trading Dashboard |
12/10/2023 Markets were slightly higher again for the week, as T-Bonds continued up and long term Rates fell. The Herd is “ALL IN” now, betting on the Fed to End Tightening soon (next FED meeting is Wednesday), on hopes that Inflation and Interest Rates have peaked. The Commodity Chart above is weak, indicating that maybe the FED has over tightened, and the current Inflation Fears could turn into Deflation (falling prices) on a slowing Economy and lower demand.
But for 14 years, the FED has been able to Print “magic money” to save the Stock Market on drops. Currently the Herd is panic Buying Stocks Way Above the Green Line on FOMO (Fear of Missing Out), but we know that Stocks with return again to the Green Line. We are raising CASH as the Buying Volume is dropping and will try to Buy Stocks lower on the next Fear Flush.
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.
______________________________________________________________________________
For the week the Dow was up 0.02%, the S&P 500 was up 0.24% and the NASDAQ 100 was up 0.57%. 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 2.94% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were up 1.67% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.76% for the week and is Above the Green Line.
Crude Oil was down 3.83% for the week at $71.23 and GOLD was down 3.60% at $2014.50, after making a New High at $2152.30.
_______________________________________________________________________
We are doing many micro Day Trades on our new Discord Trading Hub (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 Trading Room on YouTube during Market hours.
More action this week on the Day Trading Scrolling Charts, and Day Trading Charts for Indices & Large Caps.
_____________________________________________________________________________________________
MONEY BUYS SOON:
We are in now in 4 logged Swing Trading Positions for the Short & Medium Term. There are 4 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 $31.65 with High Volume with a 3% Trailing Sell Stop Loss below it.
CLSK CLEANSPARK INC. Stage 2 Break Out. Wait for Daily Money Wave Close > 20 with High Volume.
PINS PINTEREST INC. Finally squirted after $30.86 Break Out. Wait for next daily Green Zone Buy cycle.
RIG TRANSOCEAN INC. Buy above $7.05 with High Volume with a 3% Trailing Sell Stop Loss below it.
RRPIX RISING RATE MUTUAL FUND Wait for next Weekly Money Wave Close > 20.
TBT INVERSE T-BOND FUND (2X) Wait for next Weekly Money Wave Close > 20.
__________________________________________________________________________________________
My Trading Dashboard
Swing Trading Scrolling Charts
Day Trading Scrolling Charts
Click for Watch Lists
Click for Current Positions
Click for Closed Positions
Updated Top 100 List Dec 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 High (RED). 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: John C. writes “Hi. I have been using your methods with quite good success over the past year, but lately I have been wondering something. Sometimes you post a daily chart for a company, but other times you post a weekly chart. For swing/momentum trading, which chart is best to go by, because looking at both, side to side, the Money Waves are quite different.
Many thanks, John C.
ANSWER: Hi John. The Green Line System is based on Buying the Leaders in the Green Zone, and taking Profits in the Red Zone.
The Daily Chart cycle usually takes 1-3 weeks and the Weekly Chart takes 1-3 months. If you Buy the Weekly, don’t look at the Daily, as the Daily will cycle thru many times and be confusing. Pick only 1 Time Frame, and stick with it.
Many will use a shorter term Time Frame for ENTRY only, then go back to your Main Chart decision.
Thanks for writing.
ATGL
Related Post
– AI