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7/21/2024 Markets were mostly lower for the week, as the Big 7 Stocks and Semiconductors /AI corrected back down to the 50-day averages. The Watch List has grown to 10 Positions now, so we should see a bounce up soon on the Big 7 Stocks and the Big Techs this week.
The DOW 30 (DIA) and the Small Caps (IWM) squirted up on hopes of lower short term Interest Rates in September. If the Big 7 Stocks and Semis cannot make higher highs after the next bounce up, then the Markets could correct down on Wave IV. Then a Wave V back up for the strongest Leaders.
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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COMPLETED TRADES THIS WEEK:
HRTX HERON THERA. Target was Hit for a 22.9 % Gain.
CLSK CLEANSPARK INC. Target was Hit for a 26 % Gain.
SMMT SUMMIT THERA. Target was Hit for a 19 % Gain.
WULF TERAWULF INC. Target was Hit for a 13 % Gain.
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For the week the Dow was up 0.71%, the S&P 500 was down 1.96% and the NASDAQ 100 was down 3.96%. 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 3.47% for the week and is Below the Green Line, indicating Economic Contraction.
Bonds were down 1.09% for the week, and are Above the Green Line, indicating Economic Contraction.
The US DOLLAR was up 0.32% for the week and is Below the Green Line.
Crude Oil was down 4.34% for the week at $78.64 and GOLD was down 0.89% at $2399.100.
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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 3 Three Star logged Swing Trading Positions for the Short & Medium Term. There are 10 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:
GBTC GRAYSCALE BIT-COIN FUND Weekly Buy Signal was good for a 16.7 % Pop.
GME GAMESTOP CORP. Weekly Buy Signal.
NVAX NOVAVAX INC. Weekly Buy Signal was good for a 5.6 % Pop.
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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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QUESTION: Alberto writes “AGL: Little question: what does the green dot on the portfolios holdings mean? Thank you.”
ANSWER: Hi Roberto, please click on the Symbol Link for a Daily Chart, and on the Green Dot to see the 60-min Chart of the Investment.
Good trading, and tell your friends!
ATGL