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4/14/2024 Markets were lower again for the week on more Inflation worries. FEAR has picked up, as Gold and Silver made fresh new highs with the Economy growing from massive Gov’t. Spending. We like to BUY on FEAR.
The S&P 500 and NASDAQ 100 Indices are holding above the Red Line (50-day avgs.) and would normally bounce up here and retest the recent highs. Bonds are over sold and should bounce soon. Try to trim your holdings to investments that are still above the 50-day averages. Many investors are getting Stuck in securities that have fallen below the Red Lines.
We Buy the strongest Leaders on pull-backs. Some have pulled back on the Long Term List below. We like to Buy on Bad News like in late October, and take profits on Good News (like in late March).
If you continue to Follow the Green Line System, your Account 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 2.31%, the S&P 500 was down 1.46% and the NASDAQ 100 was down 0.50%. 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 0.10% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 1.20% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 1.87% for the week and is Above the Green Line.
Crude Oil was down 1.44% for the week at $85.66 and GOLD was up 1.22% at $2374.10, a new high.
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We are doing many micro Day Trades on our new Discord Trading Hub (free). Please join Discord on 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.
More action this week on the Day Trading Scrolling Charts, and Day Trading Charts for Indices & Large Caps.
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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 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.
PANW PALO ALTO NETWORKS Bought on the Close Friday at $279.07. Target $370 and Stop on Close below the Green Line of $265.79.
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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: Steve V. writes “Do you do both long and short positions or does someone just invert the rules in a down market?”
ANSWER: Yes, invert the Rules to Sell Short (Below G L, Below 10 R S, Dropping below 80 on Money Wave).
We will wait until the Market is in a Bear (below the Green Line), and not Short the next Correction back down to G L.
Once the Market is BEAR, we will manly do Inverse Funds, as most don’t understand Shorting, and cannot in Retirement accounts…
The Leaders should have nice pops up if they hold above the G L after the Correction, and we don’t like to Sail into the Wind (FED).
Good trading and tell your friends!
ATGL