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.
Currently the US Dollar and long term Interest Rates are stretched Way Above the Green Lines. Eventually both will return near the Green Line (like they always do), when the Economy slows down more.
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.
Crude Oil was down 0.65% for the week at $85.05 and GOLD was up 0.45% at $1656.30
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 10 logged Current Positions for the Short & Medium Term. There are 6 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)
CTIC CTI BIOPHARMA Wait for Weekly Money Wave Close > 20 with High Volume.
DLTR DOLLAR TREE INC. Buy if it Closes above $146.17 with High Volume.
ENPH ENPHASE ENERGY Wait for Weekly Money Wave Close > 20 with High Volume.
SIGA SIGA TECH. Wait for Weekly Money Wave Close > 20 with High Volume.
SQM SOCIEDAD QUIMICA (Chemicals) Up 14% this week as for Weekly Money Wave Closed> 20.
VIPS VIPSHOP HOLDINGS Buy if it Closes above $13.32 with High Volume. (now in nice Stage 1 Base).
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 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.
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