11/26/2023 Markets were higher again for the holiday week, with lower Volume. But long term Interest Rates 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 could fall and meet again with the Green Line around 4% (longer term).
Stocks could be about to finish the Fifth Wave, back up to retest the August highs. Normally this Fifth Wave would have 5 smaller waves in it (3 up and 2 down). but this rally is so large that the current Wave V count is uncertain. The Strongest Indices QQQ SMH SVIX are quickly back up near the recent highs (Resistance). We have taken profits on several Buy Positions below, maybe before they get Stopped Out on the next pull back. This could be a chance to raise CASH and try to Buy them lower for nimble investors. Please check the Current Positions page and tighten your Sell Stop Losses if you are nervous about the Stock Market.
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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For the week the Dow was up 1.25%, the S&P 500 was up 1.00% and the NASDAQ 100 was up 0.90%. 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 0.60% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 0.27% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was down 0.43% for the week and is Below the Green Line.
Crude Oil was down 0.66% for the week at $75.54 and GOLD was up 0.92% at $2003.00.
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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 day trading mobile 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 in now in 4 logged Swing Trading Positions for the Short & Medium Term. There are 4 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 Closed above $25.63 but the Volume was not High Volume. Use 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. Holding above $30.86 Resistance, but is now back up in the weekly Red Zone. Wait for next daily Green Zone Buy cycle.
RIG TRANSOCEAN INC. Buy above $7.05 with High Volume with a 3% Trailing Sell Stop Loss below it.
RRPIX RISING RATE MUTUAL FUND Wait for next Weekly Money Wave Close > 20.
RWM INVERSE SMALL CAP FUND Buy above $26.55 with High Volume with a 3% Trailing Sell Stop Loss below it.
STNE STONECO LTD. Buy above $14.83 with High Volume with a 3% Trailing Sell Stop Loss below it.
TAL TAL EDUCATION GROUP Broke Out above $10.45 and shot up 20% this week. Wait for next daily Green Zone Buy cycle.
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My Trading Dashboard
Swing Trading Scrolling Charts
Day Trading Scrolling Charts
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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.
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QUESTION: Steve V. writes “Do you do both long and short positions or does someone just invert the rules in a down market?”
ANSWER: Yes, invert the Rules to Sell Short (Below the G L, Below 10 R S, Dropping below 80 on the Money Wave).
Don’t Short the strong ones that are just correcting back down to the Green Lines on low Volume.
Once the Markets are Below the Green Lines, we will mainly do Inverse Funds, as most investors don’t understand Shorting…
The current Leaders have had nice pops up when they held above the G L after recent Correction.
Good trading and tell your friends!
ATGL
Related Post
– AFRM