10/9/2022 Markets rallied sharply Monday and Tuesday, but then lost most of the up move at the end of the week. Stocks need Long term Interest Rates and the US Dollar to peak, which should happen soon from the panic buying on temporary emotion.
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. This probably means that the FED has probably OVER-TIGHTENED. Fear will subside and these Investments will eventually return to their Green Lines.
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.
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.
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For the week the Dow was up 1.97%, the S&P 500 was up 1.57%, and the NASDAQ 100 up 0.69%. Currently the major Stock Indices are Below the Green Lines and have low Relative Strength (own stronger Securities here).
The Inflation Index (CRB) was up 6.46% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 1.19 % for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.53% for the week and is Way Above the Green Line.
Crude Oil was up 16.54% for the week at $92.64 and GOLD was up 2.23% at $1709.30.
Trading Gains this week:
Occidental Pete (OXY) – Target Hit at $72 for a 7.8 % Gain.
Exxon Mobil (XOM) – Target was Hit at $98 for a 10.3% Gain.
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.
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MONEY WAVE BUYS SOON:
We are in now in 9 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)
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 Up 15 % for the week 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 “Gapped Up” on OPEC news and closed up 14% for the week.
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My Trading Dashboard
Swing Trading Scrolling Charts
Day Trading Scrolling Charts
Click for Watch Lists
Click for Current Positions
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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.
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QUESTION: Praveen wrote “Hello ATGL. I am not receiving alerts for the buy and sell. I am just getting end of day link. can you please fix my problem. Thanks,
ANSWER: Hi Praveen. We currently have 1 email going out Daily, the Money Wave Avert! which is sent between 3:40 -3:50 EST.
We have not had many intra-day Trade Alert Signals lately as the Volume has been too Low with the Buy Signals (FED Tightening). These low Volume Buy Signals tend to pop up and quickly fade back down. We like to see High Volume on rallies.
Most members follow the Watch List and My Trading Dashboard during the day, as they are constantly being updated.
We also have Live Streaming on YouTube, which has these current Watch Lists running “real time”.
Thank you for writing,
ATGL
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