9/3/2023 Markets were higher for the week after Treasury Bonds bounced up near the October Support. The Bond rally caused long term Interest Rates to fall, which helped the Big Tech stocks. Last time the Bonds bounced up from the October Support, the S&P 500 rallied 15%.
The S&P 500, NASDAQ 100 and Tech Funds bounced up off the 50-day avgs. but might have to pause or pull back a little this week.
Longer term the NASDAQ 100 Fund looks like it completed Wave 4 down, so now a Wave 5 back up to the Highs that would normally exceed the Wave 3 top.
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.
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For the week the Dow was up 1.60%, the S&P 500 was up 2.55% and the NASDAQ 100 was up 3.73%. 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 2.21% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 0.09% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.17% for the week and is Above the Green Line.
Crude Oil was up 7.17% for the week at $85.55 and GOLD was up 1.40% at $1967.10.
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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.
More action this week on the Day Trading Scrolling Charts, and DAY TRADING CHARTS FOR INDICES & LARGE CAPS.
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MONEY BUYS SOON:
We are in now in 10 logged Swing Trading Positions for the Short & Medium Term. There are 2 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
LONG TERM INVESTMENTS:
Long Term Scrolling Charts (Real Time)
AI C3 AI INC. Buy above $33.67 with High Volume with a 3% Trailing Sell Stop Loss below it.
BOTZ ROBOTICS & AI FUND Bought above $26.39 this week with a 3% Trailing Sell Stop Loss below it.
GBTC GRAYSTONE BITCOIN FUND Buy above $28.10 with High Volume with a 3% Trailing Sell Stop Loss below it.
OSTK OVERSTOCK.COM Buy above $39.27 with High Volume with a 3% Trailing Sell Stop Loss below it.
PINS PINTEREST INC. Buy above $30.86 with High Volume with a 3% Trailing Sell Stop Loss below it.
ROKU ROKU INC. Bought above $81.00 but the Volume was not High. ROKU will not be logged.
SH INVERSE S&P 500 FUND Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
STNE STONECO LTD. Buy above $14.83 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.
WW WEIGHT WATCHERS INT’l. Buy above $12.13 with High Volume with a 3% Trailing Sell Stop Loss below it.
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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, 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 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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5 Ways to Get your Daily Money Wave Email Alert:
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- Emailed to your box between 3:45 – 3:50 pm EST.
- Website menu Commentary/Buy/Sell Signals
- Discord Chat. and X (Twitter) @AboveGreenLine mobile notifications are the fastest (please set up “mobile notifications”)
- Text messages: Email us your Cell number & phone carrier.
Thank you,
ATGL
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