Green Line Weekly! Jan 14, 2024

POST UPDATED: February 10, 2024
REMX Chart
Weakness in Rare Earth Stocks (REMX) is not Bullish for Electric Vehicles.
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

1/14/2024  Markets were higher for the week after the Leaders became over sold for the short term on normal profit taking. The Leaders and Indices pulled back down to the daily Green Zones for Swing Trade Buys Signals (but Buying Volume was poor). Now they need to make higher highs than last week for the rally to continue.

Greed is high now, so be cautious. Remember, we like to Buy on Bad News like in late October, when Bonds were dumping on FEAR.

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 up 0.34%, the S&P 500 was up 1.87% and the NASDAQ 100 was up 3.23%. 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 0.58% for the week and is Below the Green Line, indicating Economic Contraction.

Bonds were up 0.24% for the week, and are Below the Green Line, indicating Economic Expansion.

The US DOLLAR was up 0.02% for the week and is Below the Green Line. 

Crude Oil was down 1.53% for the week at $72.68 and GOLD was up 0.09% at $2051.60.   

SEE SUPPLEMENTAL CHARTS

_______________________________________________________________________

We are doing many micro Day Trades on our new Discord Trading Hub (free). Please join Discord on your cell phone app for day trading mobile 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.

_____________________________________________________________________________________________

MONEY BUYS SOON:

We are in now in 6 logged Swing Trading Positions for the Short & Medium Term. There are 4 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)        

ARKK      ARK INNOVATION FUND      Buy above $54.52 with High Volume with a 3% Trailing Sell Stop Loss below it. 
CLSK      CLEANSPARK INC.    Wait for Daily 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.
NET     CLOUDFLARE INC.    Wait for next Daily Money Wave Close > 20 with High Volume.
PINS      PINTEREST INC.      Stage 2 Break Out above $30.86. Wait for next daily Green Zone Buy cycle.   
PLTR      PALANTIR TECH      Wait for next Weekly Money Wave Close > 20.   
S       SENTINELONE INC.      Wait for Daily Money Wave Close > 20 with High Volume.
TBT      INVERSE T-BOND FUND (2X)        Still Below the Green Line. Wait for next Daily Money Wave Close > 20.   

______________________________________________________________________________

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 Jan 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

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.

______________________________________________________________________________

QUESTION:  Jose M writes “Morning, I seem to have difficulties on finding the Money Wave chart on the ETFs . Thanks.”

ANSWER:  The Charts and Money Waves can be pulled up by clicking on the Symbol of the Investment on the  Watch List  or PORTFOLIO links in every Daily Email Alert.

The Money Wave is the Red and Green Zone on the bottom part of the Chart (Same as Slow Stochastic). Buy when the Money Wave has gone down into the Green Zone, and then turns up above 20. A Black Arrow indicates a Money Wave Buy Signal.

Related Post

Green Line Weekly! Dec 31, 2023

Become a Greenliner. Join Today

Candlestick. A Swing Traders Friend

A snapshot of the daily updates that help traders stay aligned with market direction.

⚠️ We're upgrading your experience.

Our site is currently being updated. You may notice some changes over the next week 

What to expect during this period:

  • Some pages may load slowly or look slightly different as updates are rolled out
  • Occasional brief interruptions may occur — we’ll do our best to minimise these
  • Your trading signals and core member resources will remain accessible throughout
 
Please reach out if you need any assistance. Thank you for your patience!