SWING TRADING (SHORT TERM)
Watchlist and Charts

3/03/2024  Markets were higher for the week as Semiconductors & stronger Tech Stocks surged higher. Not much new to say, as the Markets have stretched Way Above the Green Line on FOMO (Fear of Missing Out).

The NASDAQ 100 Fund is now 19% Above the G L on temporary Human Emotion (GREED). But we know from history that the NASDAQ 100 will meet again the G L. on the next FEAR Flush by the Media (to scare out investors who are Buying now).

WThe strongest Leaders on pull-backs are bought. Buying is favored on Bad News like in late October, and profits are taken on Good News (like on Great Earnings now).

Continuing to Follow the Green Line System should result in account growth in both Bull and Bear Markets. Following the MONEY, not the MEDIA is advised. 

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For the week the Dow was up 0.01%, the S&P 500 was up 0.98% and the NASDAQ 100 was up 2.02%. 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 2.32% for the week and is Above the Green Line, indicating Economic Expansion.

Bonds were up 0.96% for the week, and are Below the Green Line, indicating Economic Expansion.

The US DOLLAR was down 0.06% for the week and is Above the Green Line. 

Crude Oil was up 4.55% for the week at $79.97 and GOLD was up 2.26% at $2095.70.   

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.

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MONEY BUYS SOON:

We are now in 4 Three Star logged Swing Trading Positions for the Short & Medium Term. There are 3 investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

LONG TERM WATCH LIST:  

CYTK      CYTOKINECTICS was bought on Friday at $73.98, Target $100.

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 Alert:

• • 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! Feb 18, 2024