08/18/2019: Markets were down slightly for the week, after bouncing up again from the Green Line. Last week the S&P 500 Index bounced up from the Green Line, but then Failed decisively up at the 50-day average. This week’s bounce should be a “W” pattern back up near the Highs to remain Bullish.
That means that Trump needs to cut a Trade Deal with China soon to avoid Stocks from giving up… The NYSE and Small Cap Indices are Below the Green Line.
For the week the Dow was down 1.63%, the S&P 500 was down 0.95%, and the Nasdaq 100 was down 0.54%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was down 0.98% and is Below the Green Line, indicating Economic Weakness.
Bonds were up 4.34% for the week to a New High and are Way Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.76%, but it could be having a huge Double Top from 3 years ago.
Crude Oil was up 0.57% for the week at $54.81, and GOLD was up another 1.00% to a New High at $1523.60.
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COMPLETED TRADES THIS WEEK:
2019-08-08 CPRT Copart Inc. $75.65 2019-08-14 $74.31 -$1.34 -1.77%
MONEY WAVE BUYS SOON:
We are currently in 5 logged Open 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 INVESTMENTS
Buy the Leading Investments that are down near the weekly Green Zones.
EVRI EVERI HOLDINGS Buy if it is going to Close above $9.79.
KTOS KRATOS DEFENSE Wait for next Daily Green Zone Buy.
PYPL PAYPAL HOLDINGS Wait for next Daily Green Zone Buy.
SBGI SINCLAIR BROADCAST GROUP Wait for next Daily Green Zone Buy.
XRX XEROX CORP. Buy when it Closed back Above the Green Line.
ZEN ZENDESK INC. Buy if it is going to Close above $78.87.
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Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
Alert! Market Risk is MEDIUM (Yell0w Zone). 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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A Letter to Sarah:
Hi Sarah. Above the Green Line is a System of rotating into Investments that generally have more Buyers than Sellers (Above the Green Line = > 250 day average), and the highest Relative Strength (> 90 RS).
This System is designed to Buy High, and Sell Higher, Momentum Investing that requires the discipline to EXIT Investment position that are no longer the LEADERS, or follow the RULES.
Many are taught to Buy Low and Sell High, which can work well, but sometimes you must wait years for results.
We are basically using computers to identify the top 10% of Investments that have the highest flow of money into them. Then we Buy these on pull-backs to their Green Zones, based on the Money Wave.
Good trading, and tell your friends!
Where is your green line? Here in the SPX it is at 50 EMA. In other charts it is 250 EMA.
You said it failed at 50, but in the chart it failed at 10 EMA.
Confusing or misleading?
Hi Cees. The Green Line is the 250 day exponential moving average on the Daily Charts.
You can check on this Chart HERE
So, why is it different in your Aug 18 SPX chart?
The Aug 18th Chart is a Weekly Chart, so the Green Line is converted from 250 days to 50 weeks…
If I understand right, you put a weekly chart up, but you give comment on the daily chart.
That is where the confusion is.
Yes. Sorry for the confusion… I should have also put that is Failed at the Red Line (10-week & 50-day).
Thanks.