2/26/2023 Markets were lower for the week after long term Interest Rates continued to rise. But so far Treasury Bond prices have been coming down very slowly, which could indicate that long term Interest Rates will not go as high as they did in October (4.42%).
Many of the major Stock Indices are back Below the Green Lines, but are now over sold on the daily charts. Markets were very over bought from panic buying stage in January on FOMO (Fear of missing Out & Greed).
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 3.01%, the S&P 500 was down 2.67% and the NASDAQ 100 was down 3.09%. None of the major Indices have a Relative Strength above 80, so you should currently own the stronger Securities here.
The Inflation Index (CRB) was down 0.16% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 1.38% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 1.33% for the week and is Above the Green Line.
Crude Oil was down 0.30% for the week at $76.32 and GOLD was down 1.79% at $1817.10.
More action this week on the Day Trading Scrolling Charts. and Live Streaming.
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 (FED is still tightening). These low Volume Buy Signals tend to pop up and quickly fade back down. We like to see High Volume on rallies. Please check our our Live Streaming during Market hours.
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MONEY WAVE BUYS SOON:
We are in now in 7 logged Swing Trading Positions for the Short & Medium Term. There are 5 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)
CHWY CHEWY INC. Buy above $52.88 with High Volume with a 3% Trailing Sell Stop Loss below it.
COP CONOCO PHILLIPS Wait for Weekly Money Wave Close > 20 with High Volume.
GIS GENERAL MILLS INC. Weekly Money Wave Buy Signal was good for a 5% pop this week.
HRB H&R BLOCK INC. HRB was Stopped Out below the Buy Price of $38.66 for a 17 cent loss.
SH INVERSE S&P 500 FUND Wait for Weekly Money Wave Close > 20 with High Volume.
TAL TAL EDUCATION GROUP Buy above $10.45 with High Volume with a 5% Trailing Sell Stop Loss below it.
TWNK HOSTESS BRANDS Popped up above $23.49 this week for an 8.66% Gain.
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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 Feb 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: 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.
Good trading and tell your friends!
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