7/3/2022 Markets were down for the week as many are afraid that a slow down is coming, and Stock prices have been adjusting for that. But Stocks are almost as over-sold as they were in 2000 after COVID hit, because of temporary emotional FEAR. And eventually the FEAR dissipates, so Smart Money BUYS.
Leading Commodities were Way Above the Green Lines, and Bonds were Way Below the Green Lines. But now both are returning to the Green Lines as the Economy slow down. Eventually the MEDIA will tell us that Inflation and Interest Rates have peaked, so we should see a Stock Market rally back up near the Green Lines (like they always do).
The strongest Leaders are now back in the Green Zones for Buy Signals soon. A big Market sell off like we had helps us identify which investments are the strongest. Leading Energy, Agriculture & Chemical Stocks should be setting up for another re-test of the Highs.
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.
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.
For the week the Dow was down 1.32%, the S&P 500 was down 2.27%, and the NASDAQ 100 was down 4.24%. Currently the major Stock Indices are Below the Green Lines (AVOID and own stronger Investments here).
The Inflation Index (CRB) was down 2.25% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were up 3.10% for the week, and are Way Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.91% for the week and is Way Above the Green Line.
Crude Oil was up 0.75% for the week at $108.43 and GOLD was down 1.57% at $1801.50.
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MONEY WAVE BUYS SOON
We are in now in 6 logged Current Positions for the Short & Medium Term. There are 5 investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
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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)
ABBV ABBVIE INC. Wait for next Daily Money Wave Close > 20 with High Volume.
GOGL GOLDEN OCEAN GROUP Wait for the next Weekly Money Wave Buy Signal with High Volume.
MOS MOSIAC CO. Wait for the next Weekly Money Wave Buy Signal with High Volume.
NUE NUCOR CORP. (Steel) Wait for the next Weekly Money Wave Buy Signal with High Volume.
PBR PETROBRAS ENERGY Wait for the next Weekly Money Wave Buy Signal with High Volume.
TWNK HOSTESS BRANDS INC. Weekly Money Wave Buy, but the Volume was not High.
XLE ENERGY STOCK FUND Wait for the next Weekly Money Wave Buy Signal with High Volume.
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My Trading Dashboard
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Day Trading Scrolling Charts
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Updated Top 100 List Jul 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.
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Thank you,
ATGL