3/12/2023 Markets were sharply lower for the week after a Bank failure and FED talk about Tightening maybe 1/2 point more on short term Interest Rates. The FEAR is High now, and that is when we like to Buy. Investments that are still above the 50-day average after this week should pop up nicely after the FEAR Flushed is over by the Media. See Watch Lists.
The major Stock Indices went down Below the Green Lines lthis week, but are now very over sold.
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 down 4.33%, the S&P 500 was down 4.52% and the NASDAQ 100 was down 3.71%. None of the major Indices have a Relative Strength above 80, so you should currently own the stronger Securities here.
The Inflation Index (CRB) was down 3.66% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were up 3.63% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was down 0.32% for the week and is Above the Green Line.
We have not had many intra-day Trade Alert signals lately as the Volume has been too Low with the Buy Signals (FED is still tightening). These low Volume Buy Signals tend to pop up and quickly fade back down. We like to see High Volume on rallies. Please check our our Live Streaming during Market hours.
MONEY WAVE BUYS SOON:
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS: (It is still hard to find many Long Term now because most normal Investments no longer have 80 Relative Strength required.)
Updated Top 100 List Mar 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 Low (GREEN). 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.
QUESTION: John C. writes “Hi. I have been using your methods with quite good success over the past year, but lately I have been wondering something. Sometimes you post a daily chart for a company, but other times you post a weekly chart. For swing/momentum trading, which chart is best to go by, because looking at both, side to side, the Money Waves are quite different.
Many thanks, John C.
ANSWER: Hi John. The Green Line System is based on Buying the Leaders in the Green Zone, and taking Profits in the Red Zone.
The Daily Chart cycle (Green Zone to Red Zone) usually takes 1-3 weeks and the Weekly Chart takes 1-3 months. If you Buy the Weekly, don’t look at the Daily, as the Daily will cycle thru many times and be confusing. Pick only one Time Frame, and stick with it.
Many will use a shorter term Time Frame for ENTRY only, then go back to your Main Chart decision.
Thanks for writing.