9/24/2023 Markets were lower for the week as Treasury Bonds did not bounced up, but fell more near the October Support. The low Bond prices have 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 up, and then the S&P 500, NASDAQ 100 and Tech Funds should complete the A-B-C Correction of Wave 4 down soon. Then we should finally see the Markets go up on Wave 5 to retest the high.
Currently Only 19% of Stocks are still above the 50-day averages, and historically that has been an excellent time to load up with Stocks for a bounce. Try to Buy Investments that held above the 50-day, as they normally bounce up first. Some Leaders are: XLE Energy Fund, SVIX Inverse VIX Fund, BX Blackstone, DELL, LLY Eli Lilly, GOOGL, META, PR Permian, SLB Schlumberger, URA Uranium Fund, X US Steel, XOP Oil & Gas Fund.
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 1.90%, the S&P 500 was down 2.92% and the NASDAQ 100 was down 3.34%. 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 down 1.25% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 1.65% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.26% for the week and is Above the Green Line.
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.
MONEY BUYS SOON:
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS:
AI C3 AI INC. Buy above $30.08 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 $21.10 with High Volume with a 3% Trailing Sell Stop Loss below it.
ITB HOME BIULDING FUND Wait for next Weekly Money Wave Close > 20 with High Volume.
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.
TAL TAL EDUCATION GROUP Buy above $10.45 with High Volume with a 3% Trailing Sell Stop Loss below it.
W WAYFAIR INC. Buy above $90.71 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.
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 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.
QUESTION: John C. writes “Hi. I have been using your methods with quite good success over the past year, but lately I have been wondering something. Sometimes you post a daily chart for a company, but other times you post a weekly chart. For swing/momentum trading, which chart is best to go by, because looking at both, side to side, the Money Waves are quite different.
Many thanks, John C.
ANSWER: Hi John. The Green Line System is based on Buying the Leaders in the Green Zone, and taking Profits in the Red Zone.
The Daily Chart cycle usually takes 1-3 weeks and the Weekly Chart takes 1-3 months. If you Buy the Weekly, don’t look at the Daily, as the Daily will cycle thru many times and be confusing. Pick only 1 Time Frame, and stick with it.
Many will use a shorter term Time Frame for ENTRY only, then go back to your Main Chart decision.
Thanks for writing.