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: ONON ON HOLDING AG.
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 |
10/20/2024 Markets were higher again for the week on lower Buying volume. There have been few Sellers so far, as many have FOMO (Fear of Missing Out), and don’t want to miss on possible larger Gains (HIGH GREED). We took profits on 5 Swing Trades this week (see below). Semiconductors were lower for the week, as the Techs see a possible slowing in the Economy. Gold and Solver made new highs on FED Printing (Inflation Fears).
The S&P 500 & DOW 30 are on new highs, but 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.
GDX GOLD MINERS FUND Target was Hit at $41.50 for a 4.1 % Gain.
PCT PURECYCLE TECH Target was Hit at $10.25 for a 10.7 % Gain.
WULF TERAWULF INC. Target was Hit at $5.25 for an 11.5 % Gain.
XLU UTILITIES FUND Target was Hit at $81.75 for a 1.9 % Gain.
ZIM ZIM SHIPPING Raised Sell Stop to $23 for a 16.2 % Gain.
CLSK, JMIA, & SVIX were moved to the Long Term Portfolio.
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 0.95%, the S&P 500 was up 0.86% and the NASDAQ 100 was up 0,22There%. 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 3.99% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 1.94% for the week, and are Above the Green Line, indicating Economic Contraction.
The US DOLLAR was up 0.61% for the week and is Above the Green Line.
Crude Oil was down 9.09% for the week at $68.69 and GOLD was up 2.01% at $2730.00 a new high.
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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 4 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.
ASHR CHINA 300 FUND Bought on the Daily Money Wave Close > 20. Target $35.
DOCU DOCUSIGN INC. Oct 15 Bought above $69.45 with High Volume. Target $90.
HIMS HIMS & HERS Oct 15 Target was Hit at $22 for a 32.8 % Gain.
MPC MARATHON PETE Oct 14 Stopped Out on the Close with a 10.2 % Loss.
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: Jerry S. writes “How do I know when to Sell?”
ANSWER: Hi Jerry. Please follow the Rules for Selling below based on the Time Frame that you want to be in the Investment:
- Short Term: Sell when it Closes below the 10-day avg.
- Medium Term: Sell when it Closes below the 50-day avg.
- Long Term: Sell when it Closes below the Green Line (250-day avg).
Or Follow the Current Positions (please click) on your daily emails.
Good trading, and tell your friends!