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5/26/2024 Markets were mixed for the week as the Tech Stocks made new Highs, but the 30 DOW Industrials were lower. The Greed Index above says that Markets are over-bought, as many are betting that Inflation has peaked (Good News). Normally now would not be a good time to Buy into the major Indices until a pull-back (We like to Buy on Bad News).
The DOW 30, S&P 500 Index, and NASDAQ 100 are near the high, but not that many individual stocks (Historically Bearish). We will Follow the Money, and Buy the strongest Leaders on pull-backs.
If you continue to Follow the Green Line System, your Account 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:
HIMS HIMS & HERS HEALTH Target was Hit for a 3.2% Gain.
NVDA NVIDIA CORP Target was Hit for a 14.7 % Gain.
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For the week the Dow was down 2.33%, the S&P 500 was up 0.01% and the NASDAQ 100 was up 1.37%. 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 0.18% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 0.01% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.30% for the week and is Above the Green Line.
Crude Oil was down 2.24% for the week at $77.72 and GOLD was down 3.43% at $2334.50.
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DAY TRADERS: We are doing many micro Day Trades on our Discord Trading Hub (free). Please join Discord & 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.
More action this week on the Day Trading Scrolling Charts, and Day Trading Charts for Indices & Large Caps.
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SWING TRADE BUYS SOON:
We are now in 2 Three Star logged Swing Trading Positions for the Short & Medium Term (Volume has been consistently low this year). There are 6 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.
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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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