12/11/2022 Markets were lower for the week as the major Indices were over-bought from a 19% rally up from the Oct. lows. The Fed should tighten another 1/2 point on short term Interest Rates after the FED Meeting on Wednesday Dec. 14th. For the Markets to go higher, the FED needs to stop tightening and talk about the end of tightening. before the economic slow down gets worse.
Currently the major Indices are back down in the Green Zones (probably too late to Sell for the short term), We could see a bounce up to re-test last week’s high. The Strongest Index is the Dow 30, also big Pharma and Energy.
The US Dollar and long term Interest Rates have come down, as the Economy has weakened from FED Tightening. But the Dollar and long term Interest Rates should have enough upward momentum to go back up and re-test the recent highs again (UUP & TBT Buy Signals soon). Don’t be surprised if the Media creates another FEAR cycle again.
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 down 2.72%, the S&P 500 was down 3.35% and the NASDAQ 100 was down 3.59%. Most of the major Indices do not have Relative Strength above 80, so you should currently own the stronger Securities here.
The Inflation Index (CRB) was down 3.56% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 0.71 % for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.29% for the week and is down near the Green Line.
More action this week on the Day Trading Scrolling Charts.
We have not had many intra-day Trade Alert signals lately as the Volume has been too Low with the Buy Signals. These low Volume Buy Signals tend to pop up and quickly fade back down. We like to see High Volume on rallies.
MONEY WAVE BUYS SOON:
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS: (It is still hard to find many Long Term now because most normal Investments no longer have 80 Relative Strength required.)
Updated Top 100 List Dec 1, 2022
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 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.
QUESTION: Jackie writes “Been reading your informative articles and FAQs. Is there a way I can enter a stock such as BA or an ETF symbols and see them shown as ATGL chart with red/green zones, MAs, sector ranking, Green Line etc?”
ANSWER: Yes. Near the bottom of each Daily email, look for: ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
Please Click on the link (To make the Chart larger, please change the SIZE to Landscape and then Update.)
Good trading and tell your friends!