8/20/2023 Markets were lower again for the week as Treasury Bonds dropped down near the October Support, causing long term Interest Rates to rise. Bonds are now over sold and should bounce up soon. The rise in long term Interest Rates has been hurting the Big Tech stocks. Last time the Bonds bounced up from Support, the S&P 500 rallied 15%.
The strongest Indices and Leaders were very extended (Way Above the Green Lines) last month on Greed and FOMO (Fear of Missing Out). But now the S&P 500, NASDAQ 100 and Tech Funds are quickly back down near the 50-day avgs. and are back down in the Green Zones for quick Swing Trades back up.
Longer term the NASDAQ 100 Fund looks like it about to complete Wave 4 down, which should give up about 3/8 of the Wave 3 rally (just about there), down near the blue channel line (see chart). Then a Wave 5 back up to the Highs that would normally exceed Wave 3.
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 2.09%, the S&P 500 was down 2.05% and the NASDAQ 100 was down 2.21%. 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 down 1.52% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 1.68% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.57% for the week and is Above the Green Line.
Crude Oil was down 3.04% for the week at $830.66 and GOLD was down 1.55% at $1916.50.
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We are doing many micro Day Trades on our new Discord site (free). Please join Discord on your cell phone app for day trading 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.
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MONEY BUYS SOON:
We are in now in 8 logged Swing Trading Positions for the Short & Medium Term. There are 9 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)
BOTZ ROBOTICS & AI FUND Buy above the daily Pink Line with High Volume with a 3% Trailing Sell Stop Loss below it.
OSTK OVERSTOCK.COM Buy above $39.27 with High Volume with a 3% Trailing Sell Stop Loss below it.
PINS PINTEREST INC. Buy above $30.86 with High Volume with a 3% Trailing Sell Stop Loss below it.
ROKU ROKU INC. Buy above the daily Pink Line with High Volume with a 3% Trailing Sell Stop Loss below it.
SH INVERSE S&P 500 FUND Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
STNE STONECO LTD. Buy above $14.83 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.
WW WEIGHT WATCHERS INT’l. Buy above $12.13 with High Volume with a 3% Trailing Sell Stop Loss below it.
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My Trading Dashboard
Swing Trading Scrolling Charts
Day Trading Scrolling Charts
Click for Watch Lists
Click for Current Positions
Click for Closed Positions
Updated Top 100 List Aug 1, 2023
Dividend Growth Portfolio
Updated ETF Sector Rotation System
Dogs of the DOW System
Long Term Strategy for IRAs & 401k Plans
CNN Fear & Greed Index
Scrolling Stage Chart Investing Charts
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: Jim S. writes “Why do you use the 250 day vs 200 day or any other moving average? And, in a bear market, are you concerned that your Money Wave (slow sto line) might get stuck in the Green Zone for an extended period or give false breakout buy signals?
ANSWER: Hi Jim. The 250-day average (Green Line) has been back tested and has fewer “false Sell Signals” than the 200-day. The question should be: Why do most investors use the inferior 200-day average?
In the next Bear Market, we should be in Inverse Funds (like SH) which we were in the 2008 Bear (with good success)… In a Bear Market, most investments will be Below the Green Lines. The Green Line Rules do not allow us to own weaker investments Below the G L.
But historically there will always be investments Above the Green Lines, and we should have them for you.
Good trading and tell your friends!
ATGL
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