Market-2

5/05/2024  Markets were higher for the week as slower Inflation news caused Bonds to rally up 2.17% (lower long term Rates). The strongest Leaders look like they will retest the highs again, but we need to see some higher highs soon for this rally to continue. The low Buying Volume has been disappointing.

Bonds were up as Commodity prices dropped 3.49% and Crude Oil plunged 6.95%. This indicates a drop in demand and that the Economy is slowing down. The HERD is betting that a slow down would bring more FED Printing, but a slow down can also mean lower profits. iPhone Sales dropped 10% this quarter, which could be an accurate gauge of consumer spending.

The FED has tightened (raised) short term Rates to 5% to try to eliminate Inflation. Historically the FED will blow it by over tightening and then wait too longer to lower Rates. But for 15 years FED Printing has saved the 15 year old Bull Market, so the HERD has placed huge bets on the FED. The difference this time is that FED Printing should normally bring back Inflation.

We 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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For the week the Dow was up 1.17%, the S&P 500 was up 0.60% 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 down 3.49% for the week and is Above the Green Line, indicating Economic Expansion.

Bonds were up 2.17% for the week, and are Below the Green Line, indicating Economic Expansion.

The US DOLLAR was down 0.84% for the week and is Above the Green Line. 

Crude Oil was down 6.95% for the week at $78.11 and GOLD was down 1.64% at $2308.60.   

SEE SUPPLEMENTAL CHARTS

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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 3 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.

ARDX      ARDELYX IIC.      Shot up 36% this week on the Weekly Buy Signal. Target is $9.50. Don’t Buy up here.       

IGV      SOFTWARE FUND         Bought on the Close Friday at $80.87. Target $88 and Stop on Close below the Green  Line of $75.81.

IOVA       IOVANCE BIO       Bought on the Close Friday at $13.63. Target $18 and Stop on Close below the Green  Line of $9.59.

SOUN       SOUNDHOUND AI      Bought on the Close Friday at $4.50. Target $8 and Stop on Close below the Green  Line of $3.44.

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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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5 Ways to Get your Daily Money Wave Email & Trade Alerts:

• • Emailed to your box between 3:45 – 3:50 pm EST.
  • 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.

Thank you,

ATGL

Related Post

– Green Line Weekly Apr 28, 2024

The broad Market (S&P 600) is now much better Value than Big 7 Stocks (S&P 100).SWING TRADING (SHORT TERM)
Watchlist and Charts

4/28/2024  Markets were higher for the week as the 3 week downward correction ended, and Buying came in. The strongest Leaders look like they will retest the highs again, but we need to see some higher highs soon for this rally to continue. The low Buying Volume has been disappointing.

Bonds were still down on more Inflation worries. The FED has already tightened (raised) short term Rates to 5% to try to eliminate Inflation. But with massive borrowing and spending by Congress, the FED’s efforts have been futile.

Free Markets will always fix themselves, so Bonds are dumping to FORCE the FED and Congress to fix the excess supply of liquidity in the Economy (Inflation). Eventually high Rates and Commodity Prices will slow the Economy and Inflation down.

We 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:

BITO      BIT-COIN FUND      Stopped Out at break even (Don’t Take a Loss!)
CAVA       CAVA GROUP      Stopped Out at $69 for an 8.3% Gain.     
GPS       GAP INC.      Stopped Out at $20.03 for an 4.7% Loss.
CLSK       CLEANSPARK INC.      Target was Hit at $19 for a 19.7 % Gain.
RYCEY       ROLLS ROYCE      Stopped Out at break even (Don’t Take a Loss!)
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For the week the Dow was up 0.66%, the S&P 500 was up 2.65% and the NASDAQ 100 was up 3.94%. 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 0.44% for the week and is Above the Green Line, indicating Economic Expansion.

Bonds were down 1.02% for the week, and are Below the Green Line, indicating Economic Expansion.

The US DOLLAR was down 0.17% for the week and is Above the Green Line. 

Crude Oil was up 1.98% for the week at $83.85 and GOLD was down 2.76% at $2347.20.   

SEE SUPPLEMENTAL CHARTS

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We are doing many micro Day Trades on our new Discord Trading Hub (free). Please join Discord on 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.

_______________________________________________________________________
SWING TRADE BUYS SOON:

We are now in 3 Three Star logged Swing Trading Positions for the Short & Medium Term. There are 0 investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

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ATGL Long Term Weekly Watchlist- Click here for scrolling charts.

PLTR      PALANTIR TECH         Bought on the Close Friday at $22.52. Target $26.75 and Stop on Close below the Green  Line of $18.10.

SVIX      Inverse VIX Fund (Greed Index)         Bought on the Close Friday at $39.85. Target $42 and Stop on Close below the Green  Line of $32.10.

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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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QUESTION: Steve V. writes “Do you do both long and short positions or does someone just invert the rules in a down market?”

ANSWER:  Yes, invert the Rules to Sell Short (Below the G L, Below 10 R S, Dropping below 80 on Money Wave).

We will wait until the Market is in a Bear (below the Green Line), and not Short the next Correction back down to G L.

Once the Market is BEAR, we will mainly do Inverse Funds, as most investors don’t understand Shorting, and cannot Short in their Retirement Accounts.

The Leaders should have nice pops up if they hold above the G L after the next Correction, and we don’t like to Sail into the Wind (Upward Trend).

Good trading and tell your friends!

ATGL

Related Post

– Green Line Weekly Apr 21, 2024

4/21/2024  Markets were lower again for the week as Bonds continued down on more Inflation worries. FEAR is now high, as Investors have realized that Long Term Interest Rates have gone up, and that FED Easing has been pushed way back. Earlier this year, Markets were in FOMO (Fear of Missing Out) panic buying mode on the expectation of the FED lowering short term Interest Rates.

The FED has already tightened (raised) short term Rates to 5% to try to eliminate Inflation. But with massive borrowing and spending by Congress, the FED’s efforts have been futile.

Free Markets will always fix themselves, so Bonds are dumping to FORCE the FED and Congress to fix the excess supply of liquidity in the Economy (Inflation). Eventually high Rates and Commodity Prices will slow the Economy down, and we like to BUY on FEAR.

We Buy the strongest Leaders on pull-backs. Try to Buy Investments that are still above the Red Lines 50-day avgs.), as these tend to bounce up first.  Here are some: AMZN DASH DKS DELL GE GBTC HOOD MU SPOT VRT VST & WFC.

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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For the week the Dow was up 0.03%, the S&P 500 was down 3.07% and the NASDAQ 100 was down 5.39%. 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 0.09% for the week and is Above the Green Line, indicating Economic Expansion.

Bonds were down 1.26% for the week, and are Below the Green Line, indicating Economic Expansion.

The US DOLLAR was down 0.03% for the week and is Above the Green Line. 

Crude Oil was down 3.75% for the week at $82.22 and GOLD was up 2.24% at $2413.80.   

SEE SUPPLEMENTAL CHARTS

_______________________________________________________________________

We are doing many micro Day Trades on our new Discord Trading Hub (free). Please join Discord on 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.

_______________________________________________________________________
SWING TRADE BUYS SOON:

We are now in 3 Three Star logged Swing Trading Positions for the Short & Medium Term. There are 6 investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

______________________________________________________________________________

ATGL Long Term Weekly Watchlist- Click here for scrolling charts.

HOOD      ROBINHOOD MARKETS        Bought on the Close Thursday at $17.08. Target $24 and Stop on Close below the Green  Line of $12.84.

TAL      TAL EDUCATION GROUP      Bought on the Close Friday at $11.43. Target $15 and Stop on Close below the Green  Line of $10.13.

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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.

______________________________________________________________________________

QUESTION:  Winter writes ““Don’t take a Loss” confuses me. What does that mean?”

ANSWER:  When the Investment has a Money Wave Buy Signal, it should pop up 3-6 % in just a few days.

If it is not popping up well, and the Money Wave > 50, either Get out, or Don’t Take a Loss!

Something must be Wrong. There will be plenty more… Raise Cash, and don’t get Stuck! Wait for the next one.

Good trading and tell your friends!

ATGL

Related Post

– Green Line Weekly Apr 14, 2024