Green Line Weekly! Feb 4, 2024

POST UPDATED: February 4, 2024
XLK Chart
The Tech Fund (XLK) has gone Parabolic.
DAILY SWING TRADING (SHORT TERM)
Watch List and Charts to Buy Soon.
Daily Swing Watch List to BuyDaily Swing Charts to Buy
Current Daily Swing PositionsCurrent Swing Charts
Closed Daily Swing ResultsTrading Dashboard

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.   

SEE SUPPLEMENTAL CHARTS

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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
Click for  Closed Positions

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

Important Links
Top 100Stage Chart InvestingCNN Fear & Greed Index
Dividend Growth PortfolioETF Sector PortfolioDogs of the Dow
Long Term StrategyStage Chart InvestingArticles

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:

    • 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

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