7/2/2023 Markets were higher for the week as the strongest Leaders bounced up from the Green Zones for Buy Signals. We had several Buy Signals this week, but the Buying Volume was disappointing. Now the S&P 500 and NASDAQ 100 Indices need to exceed the recent highs for the rally from the March lows to continue.
The FED has been Printing again since March when the Bank Term Funding Program (BTFP) was implemented. This has been keeping the Markets from having the normal pull backs, and pull backs create larger Swing Trades. Many undisciplined investors are spending all of their CASH Way Above the Green Line on Good News. This warns Smart Money to raise CASH and WAIT for the next pull back.
The NASDAQ 100 Fund could be completing Wave 3 up with a count around $371, then a 38% correction down near the 50-day avg. (count of 339). Greed and FOMO (Fear of Missing Out) have taken over, so normally there will be some profit taking soon. Currently the CNN Fear & Greed Index up at 80, the Greed Index (SVXY), and the Fear Index (VIX) are all telling Smart Money to take profits and Raise CASH.
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 1.98%, the S&P 500 was up 2.32% and the NASDAQ 100 was up 1.90%. 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 0.38% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 0.38% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.04% for the week and is Below the Green Line.
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MONEY BUYS SOON:
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS:
Updated Top 100 List Jul 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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