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8/11/2024 Markets were mixed for the week after rallying up sharply from the low, created by the one month long FEAR Flush by the Media. The Big 7 Stocks and Semiconductors /AI went back down near the Green Lines, after dumb money panic bought them near the highs last month from GREED & FOMO. This should be a normal Wave IV downward correction, to Flush out the undisciplined investors who panic bought with borrowed money (Margin), and had to Sell at the Low.
Many have quickly forgotten that the FED has promised to lower short term Interest Rates in September. Lower Rates should cause the Markets to pop back up on Wave V, to retest the recent Highs. Try to Buy the Leaders that are still above the 50-day averages.
The FEAR Index ($VIX) surged up 80% last week, and that is when we like to BUY!
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.
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For the week the Dow was down 0.48%, the S&P 500 was up 0.02% and the NASDAQ 100 was up 0.37%. 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 2.16% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down up 2.06% for the week, and are Above the Green Line, indicating Economic Contraction.
The US DOLLAR was down 0.03% for the week and is Below the Green Line.
Crude Oil was up 4.52% for the week at $76.84 and GOLD was up 0.15% at $2473.40.
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COMPLETED SWING TRADES THIS WEEK:
ADMA ADMA BIO The Target was Hit at $15.10 for a 23.2 % Gain
SG SWEETGREEN INC. The Target was Hit at $34 for a 15.3 % Gain.
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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 6 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.
TRADES THIS WEEK:
AVGO BROADCOM INC. Weekly Money Wave Buy Signal. Target $175.
GPS GAP INC. Weekly Money Wave Buy Signal. Target $27.
NVDA NVIDIA CORP. Weekly Money Wave Buy Signal. Target $135.
SG SWEETGREEN INC. The Target was Hit at $34 for a 32.5 % Gain.
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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 writes ” What is the deciding factor for you to say “Caution! Way above the Green Line? Thank you.”
ANSWER: Hi Steve, Way Above the Green Line means that if you Buy up there, you will probably have a “Sick Feeling” when the Investment returns to the Green Line.
Good trading, and tell your friends!