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Merry Christmas!
12/25/2023 Markets were higher again for the week, as the Herd is “ALL IN” now. The Media has told all that the FED will lower short term Rates next year, so Retail Investors are panic Buying Stocks now on LOGICAL thinking. But Logical thinking or Predictiing can get you in trouble.
The Herd is “betting the farm” that lower Inflation and Interest Rates next year will be Bullish for the Markets. This might happen, but since the October Fear Flush down, Stocks are over-bought (Way Above the Green Line) on FOMO (Fear of Missing Out), and we know that Stocks will return eventually return to the Green Line. There are many classic warning signs to expect some profit taking soon: high Margin Debt, High Greed Index, High Bull / Bear Sentiment, Great News, and the massive Buying by Retail in the chart above.
There have not been many Swing Trade setups lately as most of the strong Stocks have not corrected much, yet. We are raising CASH to Buy Stocks lower on the next Fear Flush.
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 0.31%, the S&P 500 was up 0.92% and the NASDAQ 100 was up 0.95%. 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 0.57% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 0.68% for the week, and are Above the Green Line, indicating Economic Contraction.
The US DOLLAR was down 0.83% for the week and is Below the Green Line.
Crude Oil was up 2.48% for the week at $73.56 and GOLD was up 1.64% at $2069.10.
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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 day trading mobile 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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MONEY BUYS SOON:
We are in now in 5 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!
LONG TERM INVESTMENTS:
Long Term Scrolling Charts (Real Time)
AI C3 AI INC. Buy above $31.65 with High Volume with a 3% Trailing Sell Stop Loss below it. ARKK ARK INNOVATION FUND Buy above $53.58 with High Volume with a 3% Trailing Sell Stop Loss below it.
CLSK CLEANSPARK INC. Stage 2 Break Out. Wait for Daily Money Wave Close > 20 with High Volume.
NET CLOUDFLARE INC. Wait for next Daily Money Wave Close > 20 with High Volume.
PINS PINTEREST INC. Stage 2 Break Out above $30.86. Wait for next daily Green Zone Buy cycle.
RIG TRANSOCEAN INC. Buy above $7.05 with High Volume with a 3% Trailing Sell Stop Loss below it.
RRPIX RISING RATE MUTUAL FUND Below Green Line. Wait for next Weekly Money Wave Close > 20.
TBT INVERSE T-BOND FUND (2X) Below Green Line. Wait for next Weekly Money Wave Close > 20.
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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 Dec 1, 2023
Dividend Growth Portfolio
Updated ETF Sector Rotation System
Dogs of the DOW System
Stage Chart Investing
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.
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QUESTION: Steve V. writes “Do you do both long and short positions or does someone just invert the rules in a down market?”
ANSWER: Yes, invert the Rules to Sell Short (Below G L, Below 10 R S, Dropping below 80 on Money Wave).
We will wait until the Market is in a Bear (below the Green Line), and not Short the next Correction back down to G L.
Once the Market is BEAR, we will mainly do Inverse Funds, as most investors don’t understand Shorting…
Good trading and tell your friends!
ATGL
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