SWING TRADING (SHORT TERM)
Watchlist and Charts
6/30/2024 Markets were mixed for the week, as the Leading AI / Semi Stocks have stalled out for a while. These need to make higher highs soon for this rally to continue. The Big 7 Stocks had some profit taking from being so over bought. The S&P 500 Weekly chart looks like the Wave III up rally from the Oct low is about over, then a Wave IV correction down (5 Waves total).
Be cautious Buying now. There will be eventually be some Bad News that will create FEAR, which is when we like to Buy.
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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Maybe some Banana Hunts this week. Look for M & W patterns.
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For the week the Dow was down 0.05%, the S&P 500 was down 0.05% and the NASDAQ 100 was down 0.06%. 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 0.94% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 2.32% for the week, and are Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 0.10% for the week and is Above the Green Line.
Crude Oil was up 1.00% for the week at $81.54 and GOLD was up 0.36% at $2339.60.
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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 4 Three Star logged Swing Trading Positions for the Short & Medium Term. There are 7 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
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:
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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.
Thank you,
ATGL
Related Post
– 6 Trading Patterns that you should know!
