6/12/2022 Markets were down sharply for the week as the Indices were over-bought for the Short Term, and failed at the Red Lines (50-day avgs.). Now maybe a Wave 2 back down towards the May lows. Then if this decline can make a Higher Low, would could see a powerful Wave 3 up (if this Wave count is correct).
The US Dollar Fund (UUP) and Inverse T-Bonds Fund (TBF) are re-testing the May Highs. If they fail, we could see long term Interest Rates and Commodity prices begin to fall.
Currently the tangible Commodities are Way Above the Green Lines, and Bonds are Way Below the Green Lines. Both will eventually return to the Green Lines, so maybe we will see a Stock Market rally when Interest Rates and Inflation fall. (Big surprise for Dumb Money.)
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.
More action this week on the Day Trading Scrolling Charts.
DAY TRADING CHARTS FOR INDICES & LARGE CAPS.
We have not had many intra-day Trade Alert signals lately as the Volume has been too Low with the Buy Signals. These low Volume Buy Signals tend to pop up and quickly fade back down. We like to see High Volume on rallies.
For the week the Dow was down 4.56%, the S&P 500 was down 5.05%, and the NASDAQ 100 was down 5.67%. Currently the major Stock Indices are Below the Green Lines (AVOID and own stronger Investments).
The Inflation Index (CRB) was up 0.78% for the week and is Above the Green Line, indicating Economic Expansion.
Bonds were down 1.95% for the week, and are Way Below the Green Line, indicating Economic Expansion.
The US DOLLAR was up 1.95% for the week and is Way Above the Green Line.
Crude Oil was up 1.51% for the week at $120.67 and GOLD was up 1.37% at $1875.50.
SEE SUPPLEMENTAL CHARTS
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MONEY WAVE BUYS SOON
We are in now in 9 logged Current 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 INVESTMENTS (Hard to find many Long Term now because most normal Investments no longer have 80 Relative Strength required.)
Long Term Scrolling Charts (Real Time)
AA ALCOA CORP. Buy above $67.52 with High Volume.
ACI ALBERTSONS CO. Wait for the next Daily Money Wave Buy Signal with High Volume.
LAC LITHIUM AMERICAS CORP. Must Close back Above the Green Line.
NUE NUCOR CORP. (Steel) Wait for the next Daily Money Wave Buy Signal with High Volume.
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My Trading Dashboard
Swing Trading Scrolling Charts
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Updated Top 100 List Jun 3, 2022
Dividend Growth Portfolio
Updated ETF Sector Rotation System
Dogs of the DOW System
Long Term Strategy for IRAs & 401k Plans
CNN Fear & Greed Index
Scrolling Stage Chart Investing Charts
Alert! Market Risk is Low (GREEN). 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: John C. writes “Hi. I have been using your methods with quite good success over the past year, but lately I have been wondering something. Sometimes you post a daily chart for a company, but other times you post a weekly chart. For swing/momentum trading, which chart is best to go by, because looking at both, side to side, the Money Waves are quite different.
Many thanks, John C.
ANSWER: Hi John. The Green Line System is based on Buying the Leaders in the Green Zone, and taking Profits in the Red Zone.
The Daily Chart cycle (Green Zone to Red Zone) usually takes 1-3 weeks and the Weekly Chart takes 1-3 months. If you Buy the Weekly, don’t look at the Daily, as the Daily will cycle thru many times and be confusing. Pick only one Time Frame, and stick with it.
Many will use a shorter term Time Frame for ENTRY only, then go back to your Main Chart decision.
Thanks for writing.
ATGL