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8/18/2024 Markets were sharply higher for the week as the Wave V up has been steep, but not with great Buying Volume. Two weeks ago the Big 7 Stocks and Semiconductors /AI went back down near the Green Lines, on a one month long FEAR Flush by the Media.
Dumb Money panic sold recently sold on FEAR, after buying near the Highs in July from GREED & FOMO. Now this Wave V up needs to make higher highs in the next month or so for the steep 2 year rally to continue.
The FEAR Index ($VIX) surged up to $65 recently, and now FEAR is gone with $VIX is quickly back downat $15.
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 3.02%, the S&P 500 was up 4.00% and the NASDAQ 100 was up 5.47%. 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 0.19% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were up 1.23% for the week, and are Above the Green Line, indicating Economic Contraction.
The US DOLLAR was down 0.63% for the week and is Below the Green Line.
Crude Oil was down 1,69% for the week at $75.54 and GOLD was up 2.60% at $2537.89, a new high.
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COMPLETED SWING TRADES THIS WEEK:
BCS BARCLAYS PLC The Target was Hit at $11.80 for an 8.9 % Gain.
GLD GOLD TRUST The Target was Hit at $229.99 for a 2.4 % Gain.
NWG NORWEST GROUP The Target was Hit at 9.2 for a 10.3 % Gain.
SAVA CASSAVA SCIENCES Stopped Out at $28.90 for a 21.9 % Gain.
SE SEA LTD. Target was Hit at $74 for a 12.8 % Gain.
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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 6 Three Star 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!
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LONG TERM WATCH LIST
ATGL Long Term Weekly Watchlist- Click here for scrolling charts.
TRADES THIS WEEK:
FNGU FAANG STOCK 3X FUND Weekly Money Wave Buy Signal was good for an 18% Gain.
GME GAMESTOP INC. Weekly Money Wave Buy Signal. Target $35.
HOOD ROBINHOOD MARKETS Weekly Money Wave Buy Signal was good for an 11.5 % Gain.
QQQ NASDAQ 100 FUND Weekly Money Wave Buy Signal was good for a 5.5 % Gain.
SMH SEMICONDUCTOR FUND Weekly Money Wave Buy Signal was good for a 10 % Gain.
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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 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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