5/28/2023 Markets were mostly higher this week, as the Big Tech & Semiconductor surged up on Earnings. Investors are betting that the Debt Ceiling will be raised this week, which would allow Congress to borrow more money (max out the credit card).
Many Investors are also expecting the FED to stop Tightening (raising short term Interest Rates). The Markets are going up and discounting the Good News of no more FED Tightening.
The S&P 500 was able to Close above Resistance of 4195, but did not surge higher. The NASDAQ 100 Fund (QQQ) in chart above needs to make a higher high for the 14 year Bull Market to continue.
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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Long Term Trades Completed this week:
FLEX FLEX LTD. Target was Hit at $25 for an 8.6 % Gain.
GERN GERON CORP. Target was Hit at $3.30 for a 30.4 % Gain.
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For the week the Dow was down 1.00%, the S&P 500 was up 0.33% and the NASDAQ 100 was up 3.53%. Many of the major Indices still have a Relative Strength below 80, so you should currently own the stronger Securities here.
The Inflation Index (CRB) was down 0.56% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 0.01% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 1.03% for the week and is Above the Green Line.
Crude Oil was up 1.37% for the week at $72.67 and GOLD was down 1.88% at $1944.30.
We are now doing micro Day Trades on our new Discord site (free), and now have 249 members. Please join for 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 7 logged Swing Trading 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!
LONG TERM INVESTMENTS:
Long Term Scrolling Charts (Real Time)
CROX CROCS INC. Wait for Weekly Money Wave Close > 20 with High Volume.
EDU ORIENTAL EDUCATION GROUP Buy above $46.63 with High Volume with a 3% Trailing Sell Stop Loss below it.
PINS PINTEREST INC. Buy above $29.27 with High Volume with a 3% Trailing Sell Stop Loss below it.
SH INVERSE S&P 500 FUND Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
STLD STEEL DYNAMICS INC. Buy above $105.85 with High Volume with a 3% Trailing Sell Stop Loss below it.
STNE STONECO LTD. Buy above $15.01 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.
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Updated Top 100 List May 1, 2023
Dividend Growth Portfolio
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Dogs of the DOW System
Long Term Strategy for IRAs & 401k Plans
CNN Fear & Greed Index
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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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Thank you,
ATGL
Related Post
– EDU