9/18/2022 Markets were sharply lower for the week as the Indices have been adjusting for more FED tightening (raising the Fed Funds rate) probably another 3/4% on Wednesday. FEAR is High, and that is when we like to Buy.
The S&P 500 Index is back down in the Green Zone on both the Daily and Weekly Charts (very over-sold). So we will see if Smart Money will come in and BUY again after the FED tightens (Buy on Bad News).
The Charts are indicating that this might be the last time that the FED tightens, as the Economy is slowing down and 6 % mortgage rates is really hurting housing. This should cause Inflation and Commodities to weaken, and eventually the FED will probably begin Printing again, like they did for 13 years… Stocks would love that.
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 down 4.16%, the S&P 500 was down 4.78%, and the NASDAQ 100 down 5.79%. Currently the major Stock Indices are now back Below the Green Lines and have low Relative Strength (own stronger Investments here).
The Inflation Index (CRB) was down 1.85% for the week and is slightly Above the Green Line, indicating Economic Expansion.
Bonds were down 1.14 % for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.68% for the week and is Way Above the Green Line.
More action this week on the Day Trading Scrolling Charts.
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:
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.)
Updated Top 100 List Sep 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 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: Praveen writes “I am not receiving intra-day alerts for the buy and sell I am just getting end of day email. can you help?”
ANSWER: We currently have 1 email going out Daily, the Money Wave Alert! which is sent between 3:40 -3:50 EST. Most members do best with Swing Trading (3 days to 3 weeks trade) than with the intra-day alerts for Day Trading (most Day Traders lose money).
We will send out Day Trading Tweets, but only if the trading volume is above average. Signals usually don’t go far without high Volume. Day traders should set up a free Twitter account @AboveGreenLine (please set up your Twitter account for mobile notifications).
We are have Live Streaming on YouTube, which has these current Watch Lists running “real time”.
Thank you for writing,