12/26/2022 Markets were mixed for the week on lower Holiday trading. The major Indices are still correcting the 19% rally up from the Oct. lows. There is still some Tax Loss selling going on till the end of the year. Now the Markets need to make a higher low than in October to become more “bullish”.
For the Markets to go higher, the FED needs to stop tightening and talk about the end of tightening.
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 0.86%, the S&P 500 was down 0.09% and the NASDAQ 100 was down 2.28%. 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 up 2.48% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 4.62 % for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was down 0.62% for the week and is down near the Green Line.
Crude Oil was up 6.85% for the week at $79.56 and GOLD was up 0.22% at $1804.20.
More action this week on the Day Trading Scrolling Charts.
DAY TRADING CHARTS FOR INDICES & LARGE CAPS.
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.
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MONEY WAVE BUYS SOON:
We are in now in 9 logged Current Positions for the Short & Medium Term. There are 3 investments on the Short Term Watch List.
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.)
Long Term Scrolling Charts (Real Time)
COP CONOCO PHILLIPS Wait for the next Weekly Money Wave Buy Signal.
CROX CROX INC. Not quite down to a Daily Money Wave Buy Signal, but then popped up 8 %.
SH INVERSE S&P 500 FUND Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
TBF INVERSE T-BOND FUND Buy Signal this week for a 5 % pop, but the Volume was not High.
UUP US DOLLAR FUND Wait for the next Weekly Money Wave Buy Signal.
VIPS VIPSHOP HOLDINGS Adjusted Break Out to above $11.97. Buy on the next Daily Money Wave Buy Signal.
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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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Merry Me writes “Thank you for the new Dashboard. It is nifty.
I love being able to scroll through the charts quickly in the morning.”
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– COP