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9/29/2024 Markets were higher again for the week as many are betting that FED Printing again (cutting short term Interest Rates) will push the Markets much higher. That is considered Good News and very LOGICAL, but we Follow the Money. Smart Money normally takes profits after Good News, and when the weekly Indicator above is in the Red Zone.
Markets can go higher, but Smart Money requires at least a 2:1 Reward / Risk ratio when Buying. Historically Buying in the Red Zone above does not offer a 2:1 Reward /Risk. Smart Money will normally take profits soon after the Good News, or Sell covered Calls on their stocks to hedge for the next FEAR Flush.
GOLD made a new high ($2668) as Fed Cutting Rates is normally good for Inflation, and Bonds dropped (Bonds hate Inflation). S&P 500 Index & DOW 30 are on Highs, but Big 7 Stocks, Semis, Techs & Transports are not back on highs (warning).
We Buy the strongest Leaders that make new highs, on pull-backs. So follow the Green Line System and you should continue to win more than you lose. SEE WATCH LIST
With 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 Swing Trades in 2024: 191 Trades, 90 Wins, + 809% Total. Avg. Trade = 4.28 % Gain (before taxes and commissions).
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For the week the Dow was up 0.57%, the S&P 500 was up 0.57% and the NASDAQ 100 was up 1.04%. 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 1.26% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 0.31% for the week, and are Above the Green Line, indicating Economic Contraction.
The US DOLLAR was down 0.31% for the week and is Below the Green Line.
Crude Oil was down 3.97% for the week at $68.18 and GOLD was up 0.83% at $2668.10.
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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 5 Three Star logged Swing Trading Positions for the Short & Medium Term. There are 4 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:
MPW MEDICAL PROPERTIES Bought on daily Signal at $6.10. Target $9.40.
Completed Long Term Trades in Sep 2024: 35 Trades, 18 Wins +294.59% Total, or 8.42% / Trade.
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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 High (RED). 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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5 Ways to Get your Daily Money Wave Email & Trade Alerts:
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- Emailed to your box between 3:45 – 3:50 pm EDT.
- Website menu Commentary/Buy/Sell Signals
- Discord Chat. and X (Twitter) @AboveGreenLine are the fastest for Alerts (please set up “mobile notifications”)
- Text messages: Email us your Cell number & phone carrier (slower results).
Thank you,
ATGL