4/16/2023 Markets were up for the week, as data showed that Inflation is slowing down. Long term Interest Rates dropped all the way down to the Green Line, before bouncing. Falling long term Interest tells us that the massive FED Tightening has caused the Economy to slow down.
Many are hoping that the FED has finished Tightening, and later the Economy will pick up speed. Gold and Silver made new highs this week.
Currently the S&P 500, DOW 30, and NASDAQ 100 are back Above the Green Lines, but are consolidating sideways, the indicating Indecision. So we will have to WAIT for the Markets to break to the upside or downside, and tell us which direction the Money will flow. We will keep Buying strong investments on pull-backs, and not worry about it.
If you continue to Follow 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.
For the week the Dow was up 1.18%, the S&P 500 was up 0.80% and the NASDAQ 100 was up 0.16%. Most of the major Indices have a Relative Strength below 80, so you should currently own the stronger Securities here.
The Inflation Index (CRB) was up 1.55% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 3.18% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was down 0.27% for the week and is Below the Green Line.
Crude Oil was up 2.26% for the week at $82.52 and GOLD was down 0.52% at $2015.80.
We are now doing micro Day Trades on our new Discord site (free), and now have 120 new members. Please join for mobile notifications during the day. Other methods of notification have been too Slow. Also, please check our our Live Streaming on YouTube during Market hours.
More action this week on the Day Trading Scrolling Charts, and DAY TRADING CHARTS FOR INDICES & LARGE CAPS.
MONEY BUYS SOON:
We are in now in 6 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!
LONG TERM INVESTMENTS:
Long Term Scrolling Charts (Real Time)
CHWY CHEWY INC. Buy above $52.88 with High Volume with a 3% Trailing Sell Stop Loss below it.
PINS PINTEREST INC. Buy above $29.27 with High Volume with a 3% Trailing Sell Stop Loss below it.
RIOT RIOT BLOCKCHAIN Broke Out above $11.64 with High Volume. Wait for the next Daily Money Wave Buy Signal.
RRPIX RISING RATES FUND Bought this week on Buy Signal. Target $41, EXIT if it is going to Close Below the Green Line of $34.74.
SH INVERSE S&P 500 FUND Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
TAL TAL EDUCATION GROUP Buy above $10.45 with High Volume with a 3% Trailing Sell Stop Loss below it.
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