Green Line Weekly! Jan 21, 2024

POST UPDATED: February 10, 2024
QQQ chart
The NASDAQ 100 Fund (QQQ) was able to make a higher high this week.
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

1/21/2024  Markets were higher for the week as the Semiconductors and Big Techs soared. The Leaders and Indices had pulled back down last week to the daily Green Zones, for Swing Trade Buys and bounces back up. The NASDAQ 100 & S&P 500 Indices were able to make higher highs (Bullish), but the weaker NYSE, Small Caps & Transports did not. 

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. 

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For the week the Dow was up 0.72%, the S&P 500 was up 1.21% and the NASDAQ 100 was up 2.84%. 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 up 0.38% for the week and is Below the Green Line, indicating Economic Contraction.

Bonds were down 2.52% for the week, and are Below the Green Line, indicating Economic Expansion.

The US DOLLAR was up 0.90% for the week and is Below the Green Line. 

Crude Oil was up 0.78% for the week at $73.25 and GOLD was down 1.09% at $2029.30.   

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 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.

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MONEY BUYS SOON:

We are in now in 5 logged Swing Trading Positions for the Short & Medium Term. There are 9 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 Daily 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.
NET     CLOUDFLARE INC.  Buy above $86.91 with High Volume with a 3% Trailing Sell Stop Loss below it.
PINS      PINTEREST INC.      Stage 2 Break Out above $30.86. Wait for next daily Green Zone Buy cycle.   
PLTR      PALANTIR TECH     Buy above $17.06 with High Volume with a 3% Trailing Sell Stop Loss below it.
S       SENTINELONE INC.      Wait for Daily Money Wave Close > 20 with High Volume.
TBT      INVERSE T-BOND FUND (2X)        Back Above the Green Line. Wait for next Daily Money Wave Close > 20.   

 

VIPS      VIPSHOP HOLDINGS      Jan 19 Was Stopped Out on the Close for 1.0 % 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 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.

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We have changed our Stock Alert System from the “NOT LOG” system to a 3 STAR system to denote the probability of a successful trade. If ALL three indicators below are met, then the Trade will be posted as 3 Star.
We also post 2 Star trades, but those have more Risk.

  1. Money Wave must Close > 20 (slow stochastic).
  2. High volume – should be above the 50 day average volume.
  3. Did not gap up more than 3%.

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Green Line Weekly! Jan 14, 2024

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