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: CAVA CAVA GROUP 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 |
11/17/2024 Markets were sharply lower for the week after excitement from the Election results faded. The major Indices had Gapped Up on panic Buying which made new highs, but the Volume was not high.
Markets are quickly becoming over-sold and back down bear the Green Zones (probably too late to Sell for the short term). Bonds are also over-sold, and Bit-Coin is very over-bought.
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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For the week the Dow was down 1.21%, the S&P 500 was down 2.08% and the NASDAQ 100 was down 3.42%. 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 0.70% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 2.61% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 1.61% for the week, a new high.
Crude Oil was down 4.92% for the week at $66.92 and GOLD was down 4.93% at $2570.10.
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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 6 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
Completed Swing Trades thru Oct. 2024: 241 Trades, + 958% Total. Avg. Trade = 3.98 % Gain (before taxes and commissions).
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LONG TERM WATCH LIST
ATGL Long Term Weekly Watchlist- Click here for scrolling charts.
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: Brian writes ” Is there anyway to make your strategy work in the German markets or the forex game. Like things without sctr values?”
ANSWER: Yes Brian, the Green Line System works with ALL Investments and Mutual Funds that can be Charted.
If there is no Symbol, you can manually make a Chart like we did before computers existed. Make sure the Investment stays Above the Green Line (250 day ema).
Determining SCTR or Relative Strength would be trickier. Most Relative Strength systems use computers to compare the Investment to the S&P 5oo index, or to all Investments that are in the database.
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