1/23/2022 Markets were sharply lower for the week as the Indices are returning back down to the Green Lines (like they always do). The Markets are discounting the Tapering of the massive Printing that FED has been doing, which gave the Markets a “sugar high”.
Now we should find out if the Economy can maintain upward momentum based on Earnings, without the FED Printing. The S&P 500, DOW 30, are NYSE are not back down to the Green Lines, so the Markets could go a little lower early next week. But normally we should have a bounce back up to re-test the recent Highs in a few weeks.
The FEAR is High, and that is when we like to BUY. Many Investments are now Below the Green Lines, and they might not bounce up as well as the Leaders that are still Above the Green Lines + Above 90 Relative Strength.
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.
There has been plenty of action on the Day Trading Scrolling Charts.
NEW! DAY TRADING CHARTS FOR INDICES & LARGE CAPS.
We have not had many intra-day Stocks Alerts lately as the Volume has been too Low on Buy Signals. We like to see High Volume on rallies.
For the week the Dow was down 4.58%, the S&P 500 was down 5.75%, and the NASDAQ 100 was down 7.45%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 1.24% for the week (a New High) and is Above the Green Line, indicating Economic Expansion.
Bonds were up 1.08% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.50% for the week and is Above the Green Line.
Crude Oil was up 1.57% for the week at $85.14 and GOLD was up 0.84% at $1831.80.
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MONEY WAVE BUYS SOON
We are only in 3 logged Current Positions, for the Short & Medium Term. There are 8 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM INVESTMENTS (many Large Caps no longer have 80 Relative Strength required.)
Long Term Scrolling Charts (Real Time)
BX BLACKSTONE GROUP Buy if it Closes above $124.39 with High Volume.
DKS DICKS SPORTING GOODS Buy if it Closes above $118.25 with High Volume.
NVDA NVIDIA CORP. Wait for Weekly Money Wave Close > 20.
QQQ NASDAQ 100 Fund Wait for Weekly Money Wave Close > 20.
XLRE REAL ESTATE FUND Wait for Weekly Money Wave Close > 20.
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Alert! Market Risk is LOW (Green Zone). 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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QUESTION: Steve V. writes “Do you do both long and short positions or does someone just invert the rules in a down market?”
ANSWER: Yes, invert the Rules to Sell Short (Below G L, Below 10 R S, Dropping below 80 on Money Wave).
We will wait until the Market is in a Bear (below the Green Line), and not Short the this Correction back down to G L.
Once the Market is BEAR, we will mainly do Inverse Funds, as most investors don’t understand Shorting…
The Leaders should have nice pops up if they hold above the G L after the this Correction, and we don’t like to Sail into the Wind (Trend is still up).
Good trading and tell your friends!
ATGL