1/30/2022 Markets were mixed for the week after the Indices dumped down earlier on Monday. The Indices returned back down to the Green Lines (like they always do), but the weaker Small Caps and NASDAQ 100 are still Below the Green Lines . The Markets are discounting the Tapering of the massive Printing that FED has been doing which gave the Markets a “sugar high”.
The FEAR is High now, and that is when we like to Buy. We have bet (based on history and upward momentum) that the S&P 500 Index will bounce up off the Green Line in the next few weeks to re-test the High. Then if the S&P 500 cannot make New Highs, heavy Selling could come in. 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.
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 up 1.39%, the S&P 500 was up 0.91%, and the NASDAQ 100 was up 0.03%. The Long Term Trend for the Indices is up.
The Inflation Index (CRB) was up 1.76% for the week (a New High) and is Above the Green Line, indicating Economic Expansion.
Bonds were down 0.35% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 1.70% for the week (a New High) and is Above the Green Line.
Crude Oil was up 1.97% for the week at $86.82 and GOLD was up 2.47% at $1831.80.
MONEY WAVE BUYS SOON
We are only in 10 logged Current 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 (many Large Caps no longer have 80 Relative Strength required.)
Long Term Scrolling Charts (Real Time)
BX BLACKSTONE GROUP Shot up 14 % this week. Buy if it Closes above $124.39 with High Volume.
COST COSTCO WHOLESALE Wait for Weekly Money Wave Close > 20 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 with High Volume.
QQQ NASDAQ 100 Fund Wait for a Close Above the Green Line.
XLK TECH FUND Wait for the next Daily Money Wave Buy Signal with High Volume.
XLRE REAL ESTATE FUND Wait for Weekly Money Wave Close > 20 with High Volume.
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, 2022
Dividend Growth Portfolio
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 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.
4 Ways to Get your Daily Money Wave Alert:
- Emailed to your box between 3:40 3:50 pm EST.
- Website menu Commentary/Buy/Sell Signals
- Twitter notifications are the fastest @AboveGreenLine
- Text messages: Email us your Cell number & phone carrier.
Leave a Reply
You must be logged in to post a comment.