For busy investors that don’t have time to Swing Trade, we now have a simple Strategy: Top Pick of the Week. You Buy the “Pick” on Monday morning, and then Sell on Friday’s Close. This week: ITB Home Building Fund.
This “Pick” will be emailed to you on Sunday, and we will track the performance weekly. If the stock exceeds the 15% target before Friday, it will be sold immediately to lock in profits. Otherwise, the stock is sold at Friday’s market close, regardless of the outcome (more details here).
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SWING TRADING (SHORT TERM)Watchlist and Charts
| Watch List | Watch List Charts |
| Current Positions | Current Charts |
| Closed Results | Trading Dashboard |
Current Pick and Chart
| Top Pick of the Week | Featured Stock Chart |
10/13/2024 Markets were higher again for the week on lower Buying volume. So far there has been no profit taking after the Good News of the FED Printing again (cutting short term Interest Rates). Smart Money normally takes profits after Good News and Waits to Buy again on Bad News.
Bonds sold off more for the week on the FED Cut (Cut =Inflations worries =higher long term Interest Rates). But Bonds are now over-sold and are quickly back down to the Green Line for a probable bounce up soon. Normally Stocks would like falling Rates.
Markets can go higher, but Smart Money requires at least a 2:1 Reward / Risk ratio when Buying. Historically Buying in the Red Zone above does not offer a 2:1 Reward /Risk.
We Buy the strongest Leaders that make new highs, on pull-backs. So follow the Green Line System and you should continue to win more than you lose. SEE WATCH LIST
With 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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Completed Swing Trades in 2024: 191 Trades, 90 Wins, + 809% Total. Avg. Trade = 4.28 % Gain (before taxes and commissions).
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For the week the Dow was up 1.26%, the S&P 500 was up 1.15% and the NASDAQ 100 was up 1.24%. 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 0.23% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 1.94% for the week, and are Above the Green Line, indicating Economic Contraction.
The US DOLLAR was up 0.39% for the week and is Below the Green Line.
Crude Oil was up 1.59% for the week at $75.56 and GOLD was up 0.32% at $2673.30.
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DAY TRADERS: We are doing many profitable Day Trades on our Discord Trading Hub (free). Please join Discord or X (Twitter) with your cell phone app for the fastest Trade Alerts and Daily email 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.
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SWING TRADE BUYS SOON:
We are now in 7 Three Star logged Swing Trading Positions for the Short & Medium Term. There are 5 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM WATCH LIST
ATGL Long Term Weekly Watchlist- Click here for scrolling charts.
Completed Long Term Trades in Sep 2024: 35 Trades, 18 Wins +294.59% Total, or 8.42% / Trade.
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Important Links| Top 100 | Stage Chart Investing | CNN Fear & Greed Index |
| Dividend Growth Portfolio | ETF Sector Portfolio | Dogs of the Dow |
| Long Term Strategy | Stage Chart Investing | Articles |
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.
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QUESTION: Andrea writes “I have been a member for a month, and still quite confused on how to use the information and various tabs. I assume one should only enter NEW TRADES so there is no confusion on goals and stop losses?
Please explain “Don’t take a loss”; do you mean make a tighter stop than the pink moving average, or the suggested stop loss ?
ANSWER: Hi Andrea. Yes, you should only do new trades.
Much of Investing is WAITING. Waiting for the Markets to return to the Green Zones. 70% of Stocks move with the Markets, so Buying a Stock when the S&P 500 is in the Red Zone is not a great bet. The best trades are when the S&P 500 is also in the Green Zone… it will happen.
When an Investment has a Buy Signal (Money Wave > 20) it should bounce up quickly… If the Money Wave > 50 and the Investment has not popped well, GET OUT. Don’t Take a Loss! Something might be wrong. There will be many more trades… keep your Cash ready.