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: UAA UNDER ARMOUR INC. to retest the recent high again.
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).
Below are the results for the Weekly Top Pick Performance.
During the week you can see the current Weekly Stock Pick Chart and Stock Pick.
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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 |
11/10/2024 Markets were sharply higher for the week after excitement from the Election results on Tuesday, and then FED cutting of short term Rates again on Wednesday. The major Indices Gapped Up on panic Buying and made new highs, but the Volume was not high (where are the big Buyers?
Markets are now very extended for the short term, so we have been taking profits as the Targets has been met. Remember, Smart Money Buys on Bad News, and Takes Profits on Good News.
Longer term the S&P 500, NASDAQ 100, & DOW 30 are stretched Way above the Green Lines (and will meet again with the Green Lines). Markets can go higher, but Smart Money requires at least a 2:1 Reward / Risk ratio when Buying. Historically Buying in the weekly Red Zone above does not offer a 2:1 Reward /Risk (So have tight Sell Stops on your positions if you want to have Cash to Buy on the next FEAR Flush).
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 THIS WEEK.
AAOI APPLIED OPTO Target was Hit at $19.44 for a 24.5 % Gain.
GDX GOLD MINING FUND Stopped Out with a 4.21 Loss.
IONQ IONQ INC. Target was Hit at $140 with a 9.6% Gain.
ORCL ORACLE INC. Target was Hit as $178.52 for a 2.9 % Gain
QQQ NASDAQ 100 FUND The Target was Hit at $500.56 for a 1.6 % Gain.
TSLA TESLA INC. The Target was Hit at 284.67 for a 13.2 % Gain.
VST VISTRA ENERGY Target was Hit with a 32.41 for a 19.8% Gain.
XLF FINANCIAL FUND Target was Hit at $49.04 for a 5 % Gain.
ZETA ZETA GLOBAL Target was Hit with a 32.41 for a 19.8% Gain.
Completed Swing Trades thru Oct. 2024: 241 Trades, + 958% Total. Avg. Trade = 3.98 % Gain (before taxes and commissions).
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For the week the Dow was up 4.68%, the S&P 500 was up 4.75% and the NASDAQ 100 was up 5.48%. The major Indices Gapped Up on panic Buying and made news highs, but some still have a Relative Strength below 80, so you should currently own the stronger Funds here.
The Inflation Index (CRB) was up 0.80% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were up 1.82% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.66% for the week and is Above the Green Line.
Crude Oil was up 1.28% for the week at $70.38 and GOLD was down 1.98% at $2694.80.
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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 3 Three Star logged Swing Trading Positions 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!
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LONG TERM WATCH LIST
ATGL Long Term Weekly Watchlist- Click here for scrolling charts.
UAA UNDER ARMOUR INC. was Bought at $9.68 with High Volume, Target is $12.99.
Completed Long Term Trades thru Oct. 2024: 41 Trades, +249.37% Total, or 6.08% / 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 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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QUESTION: Jose M writes “Morning, I seem to have difficulties on finding the Money Wave chart on the ETFs . Thanks.”
ANSWER: The Charts and Money Waves can be pulled up by clicking on the Symbol of the Investment on the Watch List or PORTFOLIO links in every Daily Email Alert.
The Money Wave is the Red and Green Zone on the bottom part of the Chart (Same as Slow Stochastic). Buy when the Money Wave has gone down into the Green Zone, and then turns up above 20. A Black Arrow indicates a Money Wave Buy Signal.