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8/25/2024 Markets were higher again for the week as the Wave V up is slowly losing momentum. The rally has been steep, which indicates power, but not with great Buying Volume. Your strongest Stocks now should be back above the 50-day averages (Red Lines). If not, maybe raise CASH on those below the Red Lines (if your can – those are probably inferior).
We had Targets hit on 7 stocks below, to capture some nice Gains in the last two weeks. The S&P 500 Index is quickly back up to the recent High (where Sellers came in big), so we are cautions here… We need to see many Stocks make higher highs soon for the Market to prove it’s strength.
Dumb Money panic sold earlier this month on another Media FEAR Flush. Now this Wave V up needs to make higher highs soon for the steep 2 year rally to continue.
The FEAR Index ($VIX) surged up to $65 in early August (time to Buy), and now FEAR is gone with the $VIX quickly back down at $15.
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 up 1.25%, the S&P 500 was up 1.41% and the NASDAQ 100 was up 1.05%. 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 1.19% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were up 0.97% for the week, and are Above the Green Line, indicating Economic Contraction.
The US DOLLAR was down 1.66% for the week and is Below the Green Line.
Crude Oil was down 0.94% for the week at $74.83 and GOLD was up 0.33% at $2546.30, a new high.
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COMPLETED SWING TRADES THIS WEEK:
KBE S&P BANKING FUND The Target was Hit at $54 for an 10.7 % Gain.
IOVA IOVANCE BIO The Target was Hit at $12.50 for a 5.2 % Loss.
ITB HOME BUILDING FUND The Target was Hit at $118 for a 5.8 % Gain.
LC LENDING CLUB The Target was Hit at $12 for a 15.9 % Gain.
NVDA NVIDIA CORP. The Target was Hit at $130 for a 5.2 % Gain.
SLQT SELECT QUOTE The Target was Hit at $3.80 for a 21.8 % Gain.
WULF TERA WULF Target was Hit at $4.50 for a 25.7 % 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 5 Three Star logged Swing Trading Positions for the Short & Medium Term. There are 2 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:
DELL DELL TECH Weekly Money Wave Buy Signal. Target $140.
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Alert! Market Risk is High (RED). 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: Peter writes “I am confused on this. Money Wave > 50. Don’t Take a Loss! What does that mean??”
ANSWER: Hi Peter, If the Money Wave is above 50, and the Investment is not popping up well, something could be wrong.
So Get Out before you lose money. There will be plenty more Swing Trades coming up soon. RAISE CASH and WAIT.
Good trading and tell your friends!
ATGL