5/28/2023 Markets were mostly higher this week, as the Big Tech & Semiconductor surged up on Earnings. Investors are betting that the Debt Ceiling will be raised this week, which would allow Congress to borrow more money (max out the credit card).
Many Investors are also expecting the FED to stop Tightening (raising short term Interest Rates). The Markets are going up and discounting the Good News of no more FED Tightening.
The S&P 500 was able to Close above Resistance of 4195, but did not surge higher. The NASDAQ 100 Fund (QQQ) in chart above needs to make a higher high for the 14 year Bull Market to continue.
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.
Long Term Trades Completed this week:
FLEX FLEX LTD. Target was Hit at $25 for an 8.6 % Gain.
GERN GERON CORP. Target was Hit at $3.30 for a 30.4 % Gain.
For the week the Dow was down 1.00%, the S&P 500 was up 0.33% and the NASDAQ 100 was up 3.53%. Many of the major Indices still have a Relative Strength below 80, so you should currently own the stronger Securities here.
The Inflation Index (CRB) was down 0.56% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 0.01% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 1.03% for the week and is Above 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 May 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 Medium (YELLOW). 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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