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3/17/2024 Markets were mixed for the week as the Semiconductors & stronger Tech Stocks are finally having some short term corrections. Then the Markets must go back up and make higher high, or they could correct back down to the Red Lines (50-day avgs.) Commodity Prices were higher, and Bonds were lower as Inflation is still sticking around.
Longer term, the Stock Indices are still stretched Way Above the Green Lines on FOMO (Fear of Missing Out). After the next bounce up, we will raise CASH, as we know from history that the Indices will meet again the Green Lines on the next FEAR Flush by the Media (to scare out investors who are Buying now).
We Buy the strongest Leaders on pull-backs. We like to Buy on Bad News like in late October, and take profits on Good News (like on Great Earnings now).
If you continue to Follow the Green Line System, your Account 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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For the week the Dow was down 0.02%, the S&P 500 was down 0.06% and the NASDAQ 100 was down 1.16%. 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 2.90% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 2.91% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.37% for the week and is Below the Green Line.
Crude Oil was up 3.29% for the week at $80.58 and GOLD was down 1.10% at $2161.50.
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We are doing many micro Day Trades on our new Discord Trading Hub (free). Please join Discord on 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.
More action this week on the Day Trading Scrolling Charts, and Day Trading Charts for Indices & Large Caps.
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MONEY BUYS SOON:
We are now in 3 Three Star logged Swing Trading Positions for the Short & Medium Term. There are 6 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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ATGL Long Term Weekly Watchlist- Click here for scrolling charts.
URA URANIUM FUND was bought on the Close on Friday at $27.89, Target $32.00. Stop Loss below Green Line ($24.93).
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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 High (RED). 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: Jose M writes “Morning, I seem to have difficulties on finding the Money Wave chart on the etfs thanks.”
ANSWER: The Charts and Money Waves can be pulled up by clicking on the Symbol of the Investment on the Watch List or CURRENT POSITIONS links in every Daily email.
The Money Wave is the Red and Green Zone on the bottom part of the Chart. Buy when the Money Wave has gone down into the Green Zone, and then turns up above 20. (See Chart below, and Black Arrow indicates a Buy Signal).