Markets were sharply higher for the week as the Indices were very over sold and successfully flushed out the “weak hands” on FEAR. The last time the Markets were this over-sold was in June and then the Markets bounced up 19%.
Mortgage rates are nearing 7 % (the highest since 2002) and Smart Money knows that housing will dump and the FED will return to what they do best: Print. We can live with some Inflation, but maybe not with Deflation. There is massive Corporate & Government Debt that could implode with Deflation.
Stocks & Bonds are Way Below the Green Lines on FEAR. Commodity prices have been falling as the FED has probably OVER-TIGHTENED. The Fear will eventually subside and these Investments will eventually return near their Green Lines.
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 up 4.80%, the S&P 500 was up 4.66%, and the NASDAQ 100 up 5.63%. 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 1.57% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 5.48 % for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was down 1.08% for the week and is Way Above the Green Line.
More action this week on the Day Trading Scrolling Charts.
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:
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.)
Updated Top 100 List Oct 1, 2022
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 Low (GREEN). 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.