2/5/2023 Markets were higher for the week as all of the major Indices Closed above the one year down trend lines. This normally will mean higher prices ahead, but the weekly S&P 500 chart above is up in the Red Zone (probably too late to Buy for the short term). So be cautious buying now. The FED raised short term Interest Rates by only 1/4 point and the Markets seem to be overly excited about that (CNN Fear & Greed Index).
Long term Interest Rates have dropped 18 % from the October high of 4.42% down to 3.6% with a peak in Inflation. But there is still a high probability that the Inverse Bond Fund (TBT) will go up once more (meaning higher long term Interest Rates for a while). Maybe the massive spending by Congress ($1.7 TRILION recently) is the new “sugar high” as Steel and Gold made new highs for the week.
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..
For the week the Dow was down 0.19%, the S&P 500 was up 1.64% and the NASDAQ 100 was up 3.35%. 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 down 4.13% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were up 0.25% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 1.02% for the week and is Below the Green Line.
Crude Oil was down 7.89% for the week at $73.39 and GOLD was down 2.74% at $18.76.60.
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.
MONEY WAVE BUYS SOON:
We are in now in 5 logged Current 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)
GIS GENERAL MILLS INC. Wait for Weekly Money Wave Close > 20 with High Volume.
HRB H&R BLOCK INC. Bought this week above $38.66. Target is $43. EXIT if is Closes below $37.63.
SH INVERSE S&P 500 FUND Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
TBT INVERSE T-BOND FUND (2X) Buy above $28.98 with High Volume with a 3% Trailing Sell Stop Loss below it.
TWNK HOSTESS BRANDS Buy above $23.49 with High Volume with a 3% Trailing Sell Stop Loss below it.
VIPS VIPSHOP HOLDINGS Buy on the next Daily Money Wave Buy Signal. (Recent pop had low Volume).
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Day Trading Scrolling Charts
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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 High (RED). The probability of successful Short Term Trades is better, when the % of stocks above the 50-day avg. is below 20.
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