10/29/2023 Markets were lower again for the week, but long term Interest Rates finally quit going up and Bond prices firmed up. Eventually High Interest Rates will slow the Economy down, and the Green Line tells us that Rates should drop down to around 4%, down from 5.1% now. Won’t investors be surprised!
The Media is scaring Dumb Money into selling their Bonds now with a 5.1% yield (note huge Selling Climax Volume). This is the opposite of when Dumb Money was panic Buying Bonds in 2020 COVID with only a 1.12 % yield. Now Stocks need for T-Bonds to put in a good bottom and bounce up. Eventually Bonds will meet again with the Green Line, when the Inflation FEAR subsides. Then we should see the Stock Indices go up on Wave 5 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 down 2.11, the S&P 500 was down 2.50% and the NASDAQ 100 was down 2.52%. 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 0.32% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were up 1.36% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.37% for the week and is Above the Green Line.
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MONEY BUYS SOON:
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS:
AI C3 AI INC. Buy above $30.08 with High Volume with a 3% Trailing Sell Stop Loss below it.
BLDR BUILDERS FIRSTSOURCE Wait for next Weekly Money Wave Close > 20 with High Volume.
GBTC GRAYSCALE BITCOIN FUND Bought above $21.10 with High Volume and it shot up 16.8%.
ITB HOME BUILDING FUND Wait for next Weekly Money Wave Close > 20 with High Volume.
ORCL ORACLE CORP. Wait for next Weekly Money Wave Close > 20 with High Volume.
PINS PINTEREST INC. Buy above $30.86 with High Volume with a 3% Trailing Sell Stop Loss below it.
SH INVERSE S&P 500 FUND Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
SVIX INVERSE VIX FUND (Greed Index) Wait for next Weekly Money Wave Close > 20 with High Volume.
TAL TAL EDUCATION GROUP Buy above $10.45 with High Volume with a 3% Trailing Sell Stop Loss below it.
Updated Top 100 List Oct 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 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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