10/2/2022 Markets were lower again this week as the Indices are back down re-testing the June lows. The last time the Markets were this over-sold was in June and then the Markets bounced up 19%. Get ready for an over-sold bounce soon. The CNN Fear & Greed Index is down to 15 as the Media has created FEAR again.
First we need Long term Interest Rates and the US Dollar to peak, You can see that the US Dollar Chart above has gone parabolic on panic buying. Historically this is not sustainable and should be peaking as the FED has probably OVER-TIGHTENED.
We know that the Dollar and long term Interest Rates are Way Above the Green Lines, and Stocks & Bonds are Way Below the Green Lines on FEAR. Fear will subside and these Investments should return to their Green Lines.
The Indices are back down in the Weekly Green Zones (probably too late to Sell for the short term). Smart Money uses a big sell off like now to identify the very strongest Securities to buy soon. Only 3% of the S&P 500 stocks are still above the Red Lines (50-day avgs.) which is rare. When the Market bottoms, these stocks will normally make new highs. Some of these are AKRO ENPH FSLR EURN HRB LW RYTM CYTK GERN ALB NAT UNM DHT CAH FREY RVNC YPF FRO & SPWR.
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.
For the week the Dow was down 2.89%, the S&P 500 was down 2.93%, and the NASDAQ 100 down 2.99%. Currently the major Stock Indices are Below the Green Lines and have low Relative Strength (own stronger Securities here).
The Inflation Index (CRB) was down 0.07% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 1.28 % for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was down 0.78% for the week and is Way Above the Green Line.
Crude Oil was up 0.95% for the week at $78.74 and GOLD was up 0.99% at $1672.00.
More action this week on the Day Trading Scrolling Charts.
DAY TRADING CHARTS FOR INDICES & LARGE CAPS.
We have not had many intra-day Trade Alert signals lately as the Volume has been too Low with the Buy Signals. These low Volume Buy Signals tend to pop up and quickly fade back down. We like to see High Volume on rallies.
MONEY WAVE BUYS SOON:
We are in now in 9 logged Current Positions for the Short & Medium Term. There are 5 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS: (Hard to find many Long Term now because most normal Investments no longer have 80 Relative Strength required.)
Long Term Scrolling Charts (Real Time)
AR ANTERO RESOURCES Wait for Weekly Money Wave Close > 20.
DLTR DOLLAR TREE INC. Buy if it Closes above $146.17 with High Volume.
GO GROCERY OUTLET Wait for Weekly Money Wave Close > 20 with High Volume.
SIGA SIGA TECH. Wait for Weekly Money Wave Close > 20.
USO US OIL FUND Buy if it Closes above $73.72 with High Volume.
VIPS VIPSHOP HOLDINGS Buy if it Closes above $13.32 with High Volume. (now in nice Stage 1 Base).
XOP OIL & GAS EXPLORATION FUND Wait for Weekly Money Wave Close > 20.
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Updated Top 100 List Oct 1, 2022
Dividend Growth Portfolio
Updated ETF Sector Rotation System
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Long Term Strategy for IRAs & 401k Plans
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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.
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