11/12/2023 Markets were mostly higher for the week, as the Big 7 Large Caps squirted up. However, the weak Small Caps & broad New York Stock Index were actually down for the week. Owning weak stocks Below the Green Lines is painful now without FED Printing. Long term Interest Rates fell slightly this week, but should go up once more to retest the recent 5.1% Rate. Then if Rates Double Top or make a lower high, longer term Interest Rates should fall and meet again with the Green Line around 4%.
Stocks should be about to finish wave 1 up of the Fifth Wave, back up to retest the August highs. But the Fifth Wave should have 5 smaller waves in it (3 up and 2 down). We will normally have a wave 2 down soon which might lose about 1/2 of the recent gain. So we might stop out of some Buy Positions that were bought too early (or too high) on the pull back. This would be a chance to raise CASH and try to Buy them lower. Please check the Current Positions page and tighten your Sell Stop Losses if you are nervous about the Stock Market. Then if there is a successful wave 2 pull back there could be a big wave 3 up (maybe 10%) to retest the August high.
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 0.70%, the S&P 500 was up 1.36% and the NASDAQ 100 was up 2.90%. 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 2.98% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were up 0.41% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.83% for the week and is Above the Green Line.
Crude Oil was down 4.15% for the week at $77.17 and GOLD was down 3.08% at $1937.70.
_____________________________________________________________________________________
We are doing many micro Day Trades on our new Discord site (free). Please join Discord on your cell phone app for day trading mobile notifications during the day. Other methods of notification have been too slow. Also, please check our our Live Streaming on YouTube during Market hours.
More action this week on the Day Trading Scrolling Charts, and Day Trading Charts for Indices & Large Caps.
_____________________________________________________________________________________________
MONEY BUYS SOON:
We are in now in 7 logged Swing Trading Positions for the Short & Medium Term. There are only 2 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS:
Long Term Scrolling Charts (Real Time)
AFRM AFFIRM HOLDINGS Buy above $25.63 with High Volume with a 3% Trailing Sell Stop Loss below it.
AI C3 AI INC. Buy above $30.08 with High Volume with a 3% Trailing Sell Stop Loss below it.
PINS PINTEREST INC. Closed slightly above $30.86 Resistance, but Volume was not high. Watch for next week.
RIG TRANSOCEAN INC. Buy above $7.05 with High Volume with a 3% Trailing Sell Stop Loss below it.
RWM INVERSE SMALL CAP FUND Stalled at $26.55 Resistance. Buy above $26.55 with High Volume with a 3% Trailing Sell Stop Loss below it.
TAL TAL EDUCATION GROUP Buy above $10.45 with High Volume with a 3% Trailing Sell Stop Loss below it.
__________________________________________________________________________________________
My Trading Dashboard
Swing Trading Scrolling Charts
Day Trading Scrolling Charts
Click for Watch Lists
Click for Current Positions
Click for Closed Positions
Updated Top 100 List Nov 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.
Tell your Friends about the Green Line, and Help Animals.
________________________________________________________________________________
QUESTION: Winter writes ““Don’t take a Loss” confuses me. What does that mean?”
ANSWER: When the Investment has a Money Wave Buy Signal, it should pop up 3-6 % in just a few days.
If it is not popping up well, and the Money Wave > 50, then Get Out even, or Don’t Take a Loss!
Something must be Wrong. There will be plenty more Swing Trades… Raise Cash, and don’t get Stuck! Wait for the next one.
Good trading and tell your friends!
ATGL
Related Post
– AFRM
