01/16/2023 markets were higher for the week as long term Interest rates it fell again near the Green Line. The recent decline in the stock indices was not as low as in October, which is bullish. Now the S&P 500 index needs to close above the 1-year downtrend line to attract more buyers.
Commodities were weak as many expected an economic slowdown, but this week the steel index rose 7%, copper 8%, rare earths 6% and crude oil 8%. Maybe we don’t need the Fed for eand its tightening of the money supply. Maybe massive Congressional spending ($1.7 TRILLION recently) is the new “sugar high” for the Markets.
There are several Reverse Funds in the Green Zones for Buy Signals soon in the watch list. Probably a market pullback next week due to higher interest rates.
If you continue to follow the green line system, your money should flow to the strongest areas and your account value should be able to grow in both rising and falling markets. Follow the MONEY, not the MEANS..
Operations completed this week: (cash collection)
ARRAY TECHNOLOGY (ARRY) Target hit at $22 for a 13.8% profit.
First Solar Inc.’s (FSLR) target hit $162 for a 7.6% gain.
Gerdau USA (GGB) targets reach at $6.10 for a gain of 8.2%.
The insurance fund target (KIE) hit $42.50 for a gain of 4.7%.
Industrial Fund Target (XLI) Achieved at $102 for a 3% gain.
Pinduodou Inc. (PDD Target Hit at $99 for a 16.2% profit.
The US Steel Group (X) target hit $27.25 for a 9.1% gain.
For the week, the Dow was up 2.01%, the S&P 500 was up 2.69%, and the NASDAQ 100 was up 4.43%. Most major indices do not have relative strength above 80, so you should currently own the strongest values here.
He Inflation index (CRB) went up 4.19% for the week and is above the green line, indicating economic expansion.
Captivity they rose 1.49% during the week and are below the Green Line, indicating Economic Expansion.
He AMERICAN DOLLAR it was down 1.64% for the week and is below the Green Line.
Raw oil rose 8.26% over the week to $79.86 and PRAYED rose 2.78% to $1,921.70.
SEE COMPLEMENTARY GRAPHICS
More action this week in the Scroll Charts of Daily Transactions.
DAILY TRADING CHARTS FOR INDICES AND LARGE CHAPTERS.
We haven’t had many intraday commercial alert signals lately as the volume has been too low with buy signals. These low volume buy signals tend to come and go quickly. We like to see a lot of volume in rallies.
MONEY WAVE BUY SOON:
We are in now in 5 registered Current Positions for the short and medium term. There are 4 investments in the Short Term watch list.
Be patient and WAIT for buy signals from the green zone!
LONG TERM INVESTMENTS: (it’s still hard to find many long term ones now because most normal reversals no longer require 80 relative strength.)
Long-term displacement charts (real time)
CROX CROX INC. It exploded another 13% this week. Lost. AVOID.
ENPH ENPHASE ENERGY INC. Wait for the weekly money wave close >20 with high volume.
HRB H&R BLOCK INC. Weekly Money Wave buy signal this week, but volume was not high.
SH S&P 500 INVERSE FUND Buy above $17.71 on high volume with a 3% trailing sell stop loss below it.
YOUTHS HOSTESSES BRANDS Buy on the next Daily Money Wave buy signal.
oops FUND IN US DOLLARS Buy above $28.33 on high volume with a 3% trailing sell stop loss below.
VIPS VIP STORE SHARES Buy on the next Daily Money Wave buy signal.
my trade Dboard
swing trading scroll charts
Scroll Charts of Daily Transactions
click to watch lists
click to Current Positions
click to Closed Positions
Updated Top 100 list on January 2, 2023
Dividend Growth Portfolio
Updated ETF Sector Rotation System
DOW System Dogs
Long-Term Strategy for IRAs and 401k Plans
CNN Fear and Greed Index
Scroll Stage Chart Reversal Charts
Alert! Market Risk is Medium (YELLOW). The probability of successful short-term trades is best when the % of shares is above the 50-day average. is below 20.
Tell your friends about the Green Line and Help animals.
QUESTION: Omar writes: “Hello guys. I’m new to your website and want to know where I can get analysis for a special stock or product?
REPLY: Hello Omar. Here is a link to chart your existing investment positions: https://abovethegreenline.com/chart/
Here’s another video for using daily emails: https://youtu.be/Z-0JhIa03xk
And the Rules.
Good trade and tell your friends!
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