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9/22/2024 Markets were higher again for the week as the FED cut short term Interest Rates by 1/2 % (more than expected). That is considered Good News by most, but we will watch to see if Smart Money takes profits soon on the Good News. Smart Money normally Buys on Bad News, and takes profits on Good News.
GOLD made a new high ($2646) as Fed Cutting Rates is normally good for Inflation, and Bonds dropped (Bonds hate Inflation). S&P 500 Index & DOW 30 are on Highs, but Big 7 Stocks, Semis, Techs & Transports are not back on highs (warning).
Please wait for the Leaders & Indices to come back down into the Green Zones for Swing Trades back up. GREED is high again, and that is when we like to take Profits. We sold 8 Swing Trade Positions (see below) this week on the Good News. Most are quickly back up in the Red Zones (probably too late to Buy for the short term).
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:
CVNA CARVANA CO. Target was Hit $152 for a 13.8 % Gain.
KBE S&P BANK FUND Target was Hit at $54 for a 6.9 % Gain.
RKT ROCKET MTG. Target was Hit at $21 for a 7.1 % Gain.
PRMW PRIMO WATER CORP. Target was Hit at $24.50 for a 10.1 % Gain.
RUN SUNRUN INC. Stopped Out at break even.
SMR NUSCALE POWER Stopped Out at $10.85 for 24.9 % Gain.
SPRY ARS PHARMA Target was Hit at $14 for a 0.02% Gain.
WULF TERAWULF INC. Target was Hit at $4.75 for a 21.5 % Gain.
Completed Swing Trades in 2024: 191 Trades, 90 Wins, + 809% Total. Avg, Trade = 4.28 % Gain (before taxes and commissions).
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For the week the Dow was up 1.66%, the S&P 500 was up 1.42% and the NASDAQ 100 was up 1.49%. 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 3.12% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 1.52% for the week, and are Above the Green Line, indicating Economic Contraction.
The US DOLLAR was down 0.36% for the week and is Below the Green Line.
Crude Oil was up 3.42% for the week at $71.00 and GOLD was up 1.36% at $2646.20.
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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 6 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:
Z ZILLOW GROUP Bought above $61.13 with High Volume. Target $90.
Completed Long Term Trades in 2024: 35 Trades, 18 Wins +294.59% Total, or 8.42% / Trade.
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Important Links| Top 100 | Stage Chart Investing | CNN Fear & Greed Index |
| Dividend Growth Portfolio | ETF Sector Portfolio | Dogs of the Dow |
| Long Term Strategy | Stage Chart Investing | Articles |
Alert! Market Risk is High (RED). 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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A Letter to Sarah:
Hi Sarah. Above the Green Line is a System of rotating into Investments that generally have more Buyers than Sellers (Above the Green Line > 250 day average), and the highest Relative Strength (> 90 RS).
This System is designed to Buy High, and Sell Higher, Momentum Investing that requires the discipline to EXIT Investment position that are no longer the LEADERS, or break the RULES.
Many are taught to Buy Low and Sell High, which can work well, but sometimes you must wait years for results.
We are basically using computers to identify the top 10% of Investments that have the highest flow of money into them. Then we Buy these on pull-backs to their Green Zones, based on the Money Wave.
Good trading, and tell your friends!