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9/15/2024 Markets were sharply higher for the week as the Leaders & Indices were back down into the Green Zones for Swing Trades back up. FEAR was high again, and that is when we like to Buy. We bought 10 new Swing Trade Positions this week on the dip. But most are quickly back up in the Red Zones (probably too late to Buy for the short term).
On Wednesday the FED is probably going to Cut short term Rates by 1/4 point. That is considered Good News by most, so we will watch to see if Smart Money takes profits on the Good News. Smart Money normally Buys on Bad News, and takes profits on Good News. GOLD made a new high ($2610) as Fed Cutting Rates is normally good for Inflation.
We Buy the strongest Leaders that make new highs, on pull-backs. So follow the Green Line System and you should continue to win more than you lose. SEE WATCH LIST
With 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.
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Completed Trades this week:
GDX GOLD MINERS FUND Target was Hit at $39.80 for a 6.9 % Gain.
SG SWEETGREEN INC. Target was Hit at $36 for a 25.6 % Gain.
SPY S&P 500 FUND Target was Hit at $560 for a 2 % Gain.
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For the week the Dow was up 2.59%, the S&P 500 was up 4.01% and the NASDAQ 100 was up 5.94%. 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 2.62% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were up 0.85% for the week, and are Above the Green Line, indicating Economic Contraction.
The US DOLLAR was down 0.35% for the week and is Below the Green Line.
Crude Oil was up 1.45% for the week at $68.65 and GOLD was up 3.41% at $2610.70.
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DAY TRADERS: We are doing many profitable Day Trades on our Discord Trading Hub (free). Please join Discord or X (Twitter) with your cell phone app for the fastest Trade Alerts and Daily email notifications during the day. Other methods of notification have been too slow. Also, please check our our Live Trading Room on YouTube during Market hours.
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SWING TRADE BUYS SOON:
We are now in 5 Three Star logged Swing Trading Positions for the Short & Medium Term. There are only 2 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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LONG TERM WATCH LIST
ATGL Long Term Weekly Watchlist- Click here for scrolling charts.
TRADES THIS WEEK:
CPNG COUPANG INC. Bought above $23.77, but the Volume was not high.
HIMS HIMS & HERS HEALTH Weekly Money Wave Buy Signal was good for a 21 % Pop.
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Important LinksTop 100 | Stage Chart Investing | CNN Fear & Greed Index |
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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.
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QUESTION: Stan writes ” Do you ever Sell Investments Short?”
ANSWER: Hi Stan, as long at the major Indices are in up-trends we will not Short, as most Followers don’t understand Selling Short. We will use Inverse Funds when they meet the Green Line Rules.
Thanks for writing!