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HAPPY FATHER’S DAY
6/16/2024 Markets were higher higher for the week as Treasury Bonds surged up 3.46% on Economic weakness Fears. Bonds love a slowdown because Inflation normally drops also. The Strongest Stocks now are very over-bought, because many are betting that the FED will begin Printing sooner (lowering of short term Interest Rates).
Be cautious Buying now. There will be some Bad News that will create FEAR, which is when we like to Buy.
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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Let’s Go Banana Hunting! (New Trading System)
Learn the Banana Hunt
Our monkey George loves bananas! You can learn to successfully hunt for bananas like George does.
Just watch this quick video and follow the Rules:
Investments move way above or below the Banana Line (yellow line = 200 sma average) from temporary Human Fear or Greed. This Emotion creates Opportunity for Profits.
But first George the monkey waits for a Buy or Sell Signal (W or M pattern) before beginning the Banana Hunt. George is not Emotional like humans, and is well trained.
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For the week the Dow was down 0.52%, the S&P 500 was up 1.64% and the NASDAQ 100 was up 3.51%. 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 1.42% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were up 3.46% for the week, and are Above the Green Line, indicating Economic Contraction.
The US DOLLAR was up 0.30% for the week and is Above the Green Line.
Crude Oil was up 3.34% for the week at $78.05 and GOLD was up 1.04% at $2349.10.
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DAY TRADERS: We are doing many profitable Day Trades on our Discord Trading Hub (free). Please join Discord or X (Twitter) with your cell phone app for the fastest Trade Alerts and Daily email 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.
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SWING TRADE BUYS SOON:
We are now in 5 Three Star logged Swing Trading Positions for the Short & Medium Term. There are 7 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM WATCH LIST
ATGL Long Term Weekly Watchlist- Click here for scrolling charts.
TRADES THIS WEEK:
HOOD ROBINHOOD MKTS The Target was Hit at $24 for a 40.5 % Gain.
SOUN SOUND HOUND Jun 14 Slipped own to the Buy Price and was Stopped Out even.
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Important Links| Top 100 | Stage Chart Investing | CNN Fear & Greed Index |
| Dividend Growth Portfolio | ETF Sector Portfolio | Dogs of the Dow |
| Long Term Strategy | Stage Chart Investing | Articles |
Alert! Market Risk is Medium (YELLOW). 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: Juanita writes “Does the ATGL website list previously posted (or all) “Newsletters,” not just the two to three most current ones? I find reading those comments and replies very helpful, but I frequently miss them because I am not on the computer trading every day. Is there somewhere on the website I can find older postings to review?”
ANSWER: Yes Juanita, all emails are available on the Main Menu of the web site under Commentary for weekly, and Buy / Sell Signals for Daily.
Good trading and tell your friends!