9/10/2023 Markets were slightly lower for the week after Treasury Bonds went back down to retest the October Support. The low Bond prices has caused long term Interest & Mortgage Rates to surge up and create slow down Fears. But T-Bonds are over sold (Way Below the Green Line) on FEAR, and near Support. Last October when Bonds went down and bounced up from the Support, the S&P 500 rallied 15%.
Stocks need Bonds to bounce, and then the S&P 500, NASDAQ 100 and Tech Funds should continue up on Wave 5.
The NASDAQ 100 Fund looks like it has completed Wave 4 down and is now back in Wave 5 up to the Highs, which would normally exceed the Wave 3 top.
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 0.71%, the S&P 500 was down 1.26% and the NASDAQ 100 was 1.33%. 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 up 0.04% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 0.51% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.84% for the week and is Above the Green Line.
Crude Oil was up 2.29% for the week at $87.51 and GOLD was down 1.24% at $1942.70.
_____________________________________________________________________________________
We are doing many micro Day Trades on our new Discord site (free). Please join Discord on your cell phone app for day trading mobile notifications during the day. Other methods of notification have been too slow. Also, please check our our Live Streaming on YouTube during Market hours.
More action this week on the Day Trading Scrolling Charts, and DAY TRADING CHARTS FOR INDICES & LARGE CAPS.
_____________________________________________________________________________________________
MONEY BUYS SOON:
We are in now in 8 logged Swing Trading Positions for the Short & Medium Term. There are 7 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS:
Long Term Scrolling Charts (Real Time)
AI C3 AI INC. Buy above $33.67 with High Volume with a 3% Trailing Sell Stop Loss below it.
EXAS EXACT SCIENCES CORP. Wait for next Weekly Money Wave Close > 20 with High Volume.
GBTC GRAYSTONE BITCOIN FUND Buy above $28.10 with High Volume with a 3% Trailing Sell Stop Loss below it.
PINS PINTEREST INC. Buy above $30.86 with High Volume with a 3% Trailing Sell Stop Loss below it.
RIOT RIOT PLATFORMS INC. Wait for next Weekly Money Wave Close > 20 with High Volume.
SH INVERSE S&P 500 FUND Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
STNE STONECO LTD. Buy above $14.83 with High Volume with a 3% Trailing Sell Stop Loss below it.
TAL TAL EDUCATION GROUP Buy above $10.45 with High Volume with a 3% Trailing Sell Stop Loss below it.
WW WEIGHT WATCHERS INT’l. Buy above $12.13 with High Volume with a 3% Trailing Sell Stop Loss below it.
__________________________________________________________________________________________
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 Sep 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 Medium (YELLOW). 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.
________________________________________________________________________________
QUESTION: Winter writes ““Don’t take a Loss” confuses me. What does that mean?”
ANSWER: When the Investment has a Money Wave Buy Signal, it should pop up 3-6 % in just a few days.
If it is not popping up well, and the Money Wave > 50, either Get Out, or Don’t Take a Loss!
Something must be Wrong. There will be plenty more… Raise Cash, and don’t get Stuck! Wait for the next one.
Good trading and tell your friends!
ATGL
Related Post
– AI