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4/21/2024 Markets were lower again for the week as Bonds continued down on more Inflation worries. FEAR is now high, as Investors have realized that Long Term Interest Rates have gone up, and that FED Easing has been pushed way back. Earlier this year, Markets were in FOMO (Fear of Missing Out) panic buying mode on the expectation of the FED lowering short term Interest Rates.
The FED has already tightened (raised) short term Rates to 5% to try to eliminate Inflation. But with massive borrowing and spending by Congress, the FED’s efforts have been futile.
Free Markets will always fix themselves, so Bonds are dumping to FORCE the FED and Congress to fix the excess supply of liquidity in the Economy (Inflation). Eventually high Rates and Commodity Prices will slow the Economy down, and we like to BUY on FEAR.
We Buy the strongest Leaders on pull-backs. Try to Buy Investments that are still above the Red Lines 50-day avgs.), as these tend to bounce up first. Here are some: AMZN DASH DKS DELL GE GBTC HOOD MU SPOT VRT VST & WFC.
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 up 0.03%, the S&P 500 was down 3.07% and the NASDAQ 100 was down 5.39%. 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 0.09% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 1.26% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was down 0.03% for the week and is Above the Green Line.
Crude Oil was down 3.75% for the week at $82.22 and GOLD was up 2.24% at $2413.80.
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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 6 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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ATGL Long Term Weekly Watchlist- Click here for scrolling charts.
HOOD ROBINHOOD MARKETS Bought on the Close Thursday at $17.08. Target $24 and Stop on Close below the Green Line of $12.84.
TAL TAL EDUCATION GROUP Bought on the Close Friday at $11.43. Target $15 and Stop on Close below the Green Line of $10.13.
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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: Winter writes ““Don’t take a Loss” confuses me. What does that mean?”
ANSWER: When the Investment has a Money Wave Buy Signal, it should pop up 3-6 % in just a few days.
If it is not popping up well, and the Money Wave > 50, either Get out, or Don’t Take a Loss!
Something must be Wrong. There will be plenty more… Raise Cash, and don’t get Stuck! Wait for the next one.
Good trading and tell your friends!
ATGL