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2/4/2024 Markets were higher again for the week as the Big 7 squirted higher on better than expected Earnings from Amazon,com (AMZN) & Meta Platforms (META)
The Semiconductor Fund (SMH) and Greed Index (SVXY) were not able to make higher highs this week, and could begin correcting soon. The weaker Small Caps (IWM), ARKK Fund & Transports are clearly inferior.
We Buy the Leaders on pull-backs. Greed is high now, so be cautious. There are only 3 Securities on the Watch List. Investments will meet again with their Green Lines. Remember, we like to Buy on Bad News like in late October, and take profits on Good News (Great Earnings now).
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 1.40%, the S&P 500 was up 1.41% and the NASDAQ 100 was up 1.23%. 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 down 2.13% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 2.77% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.53% for the week and is Above the Green Line.
Crude Oil was down 7.35% for the week at $72.28 and GOLD was up 1.80% at $2053.70.
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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 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.
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 now in 6 logged Swing Trading 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:
Long Term Scrolling Charts (Real Time)
CLSK CLEANSPARK INC. Wait for Weekly Money Wave Close > 20 with High Volume.
COIN COINBASE GLOBAL Wait for next Weekly Money Wave Close > 20 with High Volume.
CVNA CARVANA CO. Buy above $62.59 with High Volume with a 3% Trailing Sell Stop Loss below it.
DOCU DOCUSIGN INC. Buy above $69.45 with High Volume with a 3% Trailing Sell Stop Loss below it.
KOPN KOPIN CORP. HUGE Volume this week. Buy on Close above $2.50 with High Volume with a 3% Trailing Sell Stop Loss below it.
MSOS CANNIBIS FUND Wait for Daily Money Wave Close > 20 with High Volume.
NET CLOUDFLARE INC. Buy above $87.17 with High Volume with a 3% Trailing Sell Stop Loss below it.
S SENTINEL ONE INC. Wait for Daily Money Wave Close > 20 with High Volume.
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My Trading Dashboard
Swing Trading Scrolling Charts
Day Trading Scrolling Charts
Click for Watch Lists
Click for Current Positions
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Updated Top 100 List Feb 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
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| Dividend Growth Portfolio | ETF Sector Portfolio | Dogs of the Dow |
| Long Term Strategy | Stage Chart Investing | Articles |
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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5 Ways to Get your Daily Money Wave Email Alert:
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- Emailed to your box between 3:45 – 3:50 pm EST.
- Website menu Commentary/Buy/Sell Signals
- Discord Chat. and X (Twitter) @AboveGreenLine are the fastest for Alerts (please set up “mobile notifications”)
- Text messages: Email us your Cell number & phone carrier.
Thank you,
ATGL
Related Post
– CLSK