9/25/2022 Markets were sharply lower again this week as the Indices are back down re-testing the June lows. Then in June the Markets bounced up 19%. Get ready for an over-sold bounce soon, (see Chart). Long term Interest Rates and the US Dollar should be peaking soon, as the FED has probably OVER-TIGHTENED.
Commodities are close to being in Bear Markets, and long term T-Bonds are still in a 40-year uptrend (DEFLATION). Many investors are worried that a big slow down is coming from too much FED Tightening. But we know that the Dollar and long term Interest Rates are Way Above the Green Lines, and Stocks & Bonds are Way Below the Green Lines on FEAR. Fear will subside and these Investments should return to their Green Lines.
The Indices are back down in the Green Zones (probably too late to Sell for the short term). Smart Money uses a big sell off like now to identify the very strongest Securities to buy soon. Only 5% of the S&P 500 stocks are still above the Red Lines (50-day avgs.) which is rare. When the Market bottoms, these stocks will normally make new highs. Some of these are AKRO ENPH FSLR EURN HRB LW RYTM CYTK GERN ALB NAT UNM DHT CAH FREY RVNC YPF FRO & SPWR.
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 3.96%, the S&P 500 was down 4.57%, and the NASDAQ 100 down 4.60%. Currently the major Stock Indices are Below the Green Lines and have low Relative Strength (own stronger Securities here).
The Inflation Index (CRB) was down 3.73% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 1.28 % for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 2.94% for the week (a new high) and is Way Above the Green Line.
Crude Oil was down 7.10% for the week at $78.74 and GOLD was down 1.66% at $1655.60.
More action this week on the Day Trading Scrolling Charts.
DAY TRADING CHARTS FOR INDICES & LARGE CAPS.
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:
We are in now in 8 logged Current 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!
LONG TERM INVESTMENTS: (Hard to find many Long Term now because most normal Investments no longer have 80 Relative Strength required.)
Long Term Scrolling Charts (Real Time)
DLTR DOLLAR TREE INC. Buy if it Closes above $146.17 with High Volume.
GO GROCERY OUTLET Wait for Weekly Money Wave Close > 20 with High Volume.
GOGL GOLDEN OCEAN GROUP Buy if it Closes above $10.31 with High Volume.
SIGA SIGA TECH. Wait for Weekly Money Wave Close > 20.
USO US OIL FUND Buy if it Closes above $73.72 with High Volume.
VIPS VIPSHOP HOLDINGS Buy if it Closes above $13.32 with High Volume. (now in nice Stage 1 Base).
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, 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 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: 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, then Get Out even, or Don’t Take a Loss!
Something must be Wrong. There will be plenty more Swing Trades… Raise Cash, and don’t get Stuck! Wait for the next one.
Good trading and tell your friends!
You mentioned that XLE has low RSF. When I looked at the RSF it has a rating of 96.2,
and the MA155 day is 98.19. I am confused, please explain. Thanks. Frank
StockChart’s SCTR is weighted to the last 90 days of trading, so it changes too quickly .
We prefer the longer-term weighting used by http://www.etfscreen.com and IBD. We sometimes use a 155-day avg. of StockCharts SCTR, which is at the bottom left of many charts (just below the SCTR Rank) to simulate R S closer to the longer-term ranking of IBD ranking.
XLE has 73 SCTR XLE Chart