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: UBER UBER TECHNOLOGIES
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 |
10/27/2024 Markets were mostly lower for the week and Bonds continued down from FED Printing. Bonds are now very over-sold, and would normally bounce soon. That should be Bullish for Stocks (lower long term Interest Rates). The DOW 30 & broad NYSE Indices are back down in the Green Zones for a probable bounce soon. Semiconductors were slightly higher for the week, but are lagging the stronger Indices. Gold and Solver made new highs on FED Printing (Inflation Fears).
The S&P 500 & DOW 30 have corrected slightly off the highs, but are still 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.
AUR AURORA INNOVATION Target was Hit at $6.50 for a 17.1 % Gain.
ASTS AST SPACEMOBILE Stopped Out at break even.
LUMN LUMEN TECH. Target was Hit at $7.57 for an 17.73 % Gain.
RDFN REDFIN CORP. Stopped Out with a 19.55 % Loss.
Z ZILLOW GROUP Stopped Out with a 6.16 % Loss.
Completed Swing Trades since Sept. 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 down 2.66%, the S&P 500 was down 0.95% and the NASDAQ 100 was up 0.17. 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 up 1.84% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 0.56% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.80% for the week and is Above the Green Line.
Crude Oil was up 4.50% for the week at $71.78 and GOLD was up 0.90% at $2754.60 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 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 Sept. 2024: 35 Trades, 18 Wins +294.59% Total, or 8.42% / Trade.
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Important LinksTop 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: Janet writes: “I just signed up to your system. I trade intraday so I need to know the following: 1) Indicators and their individual settings (Money Wave/Slow Stochastic), What time frame will I use on my charts for using this system intraday i.e., 5 minutes, 30 minutes?, 3) Do I still use the 250 EMA for trading intraday?”
ANSWER: Hi Janet, and thank you for subscribing. We suggest you review the FAQ Page and the Rules.
We use 60-min and Daily Charts for most trades, and Weekly Charts for Longer Term trades.
Please read about Triple Buys to get into the Daily Buy Signal trades before the end of the day.
The Money Wave Indicator is a simple term for Slow Stochastic 5,1… All indicator values are labeled on each Chart.
Good trading, and tell your friends!