Market-2

 

02/03/2019:  Many have been asking if the recent pull back in the Markets was another Correction like in 2011 and 2016, or has the 10 Year Bull Market ended. Many are predicting the answer, but they don’t know. With Charting or Technical Analysis we Count the Money Flow.

After a long Trend upward, usually the Investment will TELL US when to Sell either by breaking below the Trend Line or Failing to make a New High (Right Shoulder). We will have to WAIT to see. We like to Buy strong Investments that have recently pulled back from New Highs, and currently that list has become small. But if you continue to follow the Green Line Rules you should make more than you lose in any type of Market (the Money has to go somewhere). 

Markets  were up again this week as several Indices closed back Above the Green Lines. However, the DOW & S&P 500 have bounced about 15% up off the Lows which will probably indicate that some profit taking will come in soon.

For the week the Dow was up 1.32%, the S&P 500 was down 1.61%, and the Nasdaq 100 was up 1.30%.   The very Long Term Trend on the Stock Markets is UP. The DOW Index, S&P 500 and the NASDAQ 100 are the major US Indices that closed Above the Green Lines.

 

The Inflation Index (CRB) was down 0.07% and is Below the Green Line, indicating Economic Weakness.

Bonds  were down  0.58% for the week and are Above the Green Line, indicating Economic Weakness.

The US DOLLAR  was down 0.20%, and the Relative Strength is now dropping.

Crude Oil was up 2.92% for the week at $55.26, and GOLD was up 1.85% at $13.22.

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MONEY WAVE BUYS SOON:   

We are currently in 5 logged Open Positions, for the Short & Medium Term.  There are 2 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

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LONG TERM TRADES 

Many of the Strongest Investments that bounced up off the Green Line with Above 80 Relative Strength, are now getting back into their Red Zones on the weekly charts (Danger Zone).

   
ARWR    ARROWHEAD PHARMA.    Buy if it Closes above $15.47.   
FTNT    FORTINET INC.     Caution! Weekly Money Wave is almost to the Red Zone.      
GNW    GENWORTH FINANCIAL     Buy if it Closes above $5.27. 
I    INTELSAT GLOBAL    Wait for the next Daily Money Wave Buy Signal.   
LW    LAMB WESTON HOLDINGS    Buy if it Closes above $73.18.
PFE    PFIZER, INC.    Wait for the next Daily Money Wave Buy Signal. 
UAL    UNITED CON’T. AIR     Wait for the next Daily Money Wave Buy Signal.     
VER    VEREIT, INC.    Buy if it Closes above $7.89. (7% Dividend)
   

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Click for  Portfolio (Open Positions)  
Click for  Watch List
Click for  Closed Positions

 

Alert! Market Risk is HIGH (Red 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.

 

QUESTION:  Nancy writes  “I would like to know where the relative strength factor is located on the charts.”

ANSWER:  Hi Nancy, the Relative Strength is usually on the bottom left of each Chart  with a Red Box around it (SCTR is StockCharts Technical Rank).  Sometimes we use data from:

Relative Strength Values comes from the SCTR Rank (StockCharts Technical Rank), www.etfscreen.com for ETFs , and Investor’s Business Daily (IBD) for stocks. We prefer the longer term weighting used by www.etfscreen.com and IBD.

Sometimes look for Big Numbers with circle around them…

Good trading, and tell your friends!

 

Related Post

– Green Line Weekly Jan 27, 2019

 

01/27/2019:  Markets  were mixed for the week after bouncing up from a sell off earlier. So far the DOW Index has bounced up 3160 points without much of a pull back and the FEAR is gone. That will probably indicate that some profit taking will come in soon.

We like to Buy when the Herd is Selling, and now the Herd seems to be Buying again after a 12%+ pop off the lows.

The World Markets could be bottoming after a one year decline of 27%. Maybe the US Dollar is topping out.

Investor Sentiment has turned  much more positive according to the FEAR Index. 

For the week the Dow was up 0.12%, the S&P 500 was down 0.26%, and the Nasdaq 100 was up 0.04%.   The very Long Term Trend on the Stock Markets is UP. The DOW Index and the NASDAQ 100 are the major US Indices that closed Above the Green Lines.

 

The Inflation Index (CRB) was down 0.84% and is Below the Green Line, indicating Economic Weakness.

Bonds  were down  0.81% for the week and are Above the Green Line, indicating Economic Weakness.

The US DOLLAR  was down 0.47%, and the Relative Strength is now dropping.

Crude Oil was down 0.65% for the week at $53.69, and GOLD was up 1.21% at $1298.

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MONEY WAVE BUYS SOON:   

We are currently in 6 logged Open 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!

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LONG TERM TRADES 

Investments below that can Bounce up off the Green Line with Above 80 Relative Strength, could re-test their recent Highs.

   
ARWR    ARROWHEAD PHARMA.    Buy if it Closes above $15.47.   
FTNT    FORTINET INC.     Buy if it Closes above $75.29.     
GME    GAME STOP CORP.    Buy if it Closes above $16.90.     
GNW    GENWORTH FINANCIAL     Buy if it Closes above $5.27. 
I    INTELSAT GLOBAL    Buy if it Closes above $24.28. 
PFE    PFIZER, INC.    Wait for the next Daily Money Wave Buy Signal. 
UAL    UNITED CON’T. AIR     Wait for the next Daily Money Wave Buy Signal.     
VER    VEREIT, INC.    Buy if it Closes above $7.89. (7% Dividend)
   

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Click for  Portfolio (Open Positions)  
Click for  Watch List
Click for  Closed Positions

 

Alert! Market Risk is MEDIUM HIGH (Orange Zone). The probability of successful Short Term Trades is better, when the S&P 500 is down near the Green Line. 

Tell your Friends about the Green Line, and Help Animals.

 

4 Ways to Get your Daily Money Wave Alert:

• Emailed to your box between 3:30 3:50pm EST.
• Website menu Commentary/Buy/Sell Signals
• Twitter notifications are the fastest and most reliable @AboveGreenLine
• Text messages: Email us your Cell number & phone carrier.

 

Related Post

– Green Line Weekly Jan 20, 2019

 

01/20/2019:  Markets  were up again this week as the Indices quickly rallied back up to their Green Lines (250-day avgs.)  The Green Line is more of a “Fair” value of an Investment (Way Above the Green Line is puffed up by GREED, & Way Below the Green Line is Over-Sold from FEAR).

Investor Sentiment has turned  much more positive according to the FEAR Index. Maybe some profit taking soon.

For the week the Dow was up 2.96%, the S&P 500 was up 2.89%, and the Nasdaq 100 was up 2.78%.   The very Long Term Trend on the Stock Markets is UP. 

 

The Inflation Index (CRB) was up 2.32% but is Below the Green Line, indicating Economic Weakness.

Bonds  were down  0.84% for the week and are Above the Green Line, indicating Economic Weakness.

The US DOLLAR  was up 0.79%, after becoming Over-Sold on the weekly chart.

Crude Oil was up 4.75% for the week at $54.04, and GOLD was down 0.54% at $1283.

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MONEY WAVE BUYS SOON:   

We are currently in 4 logged Open Positions, for the Short & Medium Term.  There are 2 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

______________________________________________________________________________________________

LONG TERM TRADES 

Investments below that can Bounce up off the Green Line with Above 80 Relative Strength, could re-test their recent Highs.

   
ARWR    ARROWHEAD PHARMA.    Buy if it Closes above $15.47.   
CGC    CANOPY GROWTH     Try to Buy near the Red Line around  $35.09 (50-day avg.)   
FTNT    FORTINET INC.     Buy if it Closes above $75.29.     
GME    GAME STOP CORP.    Buy if it Closes above $16.90.     
GNW    GENWORTH FINANCIAL     Buy if it Closes above $5.27. 
I    INTELSAT GLOBAL    Wait for the next Daily Money Wave Buy Signal. 
MSFT    MICROSOFT CORP.    Try to Buy near the Red Line around  $104.60 (50-day avg.)        
UAL    UNITED CON’T. AIR     Wait for the next Daily Money Wave Buy Signal.     
VER    VEREIT, INC.    Buy if it Closes above $7.89. (7% Dividend)
   

___________________________________________________________________________________________

 

Click for  Portfolio (Open Positions)  
Click for  Watch List
Click for  Closed Positions

 

Alert! Market Risk is MEDIUM (Yellow Zone). The probability of successful Short Term Trades is better, when the S&P 500 is down near the Green Line. 

Tell your Friends about the Green Line, and Help Animals.

 

QUESTION:   Colin writes “I have followed the recommendations on the buy signals and had the recommended stop losses in. I have stopped out off all positions except one.   Ok that’s fine. But in your portfolio the position is still open. How can that be? I am confused as I may have done something wrong.

Please help me to get that right.

Thanks 

ANSWER:  Sorry for the confusion Colin… The Investment must CLOSE below the Support or Stop Price, to avoid whipsaws by the sleazy market makers.  Before the Close we send out the Money Wave Alert emails if there are any Changes to the Stops. 

Please check the “SELLS TODAY” section of each email where we warn of positions being Stopped Out on the Close.

Also, the PORTFOLIO PAGE is kept current before the Close with current Stops (on the Close only).

Hope this helps.

AGL

Related Post

– Green Line Weekly Jan 13, 2019

 

01/13/2019:  Markets  were up again this week as the Indices rallied up towards their Red Lines (50-day avgs.) Many of the weaker Investments that fell Way Below the Green Lines have popped up quite a bit, but only 37% of the S&P 500 Stocks are Above their Green Lines (250-day avgs.)  That means that 63% of the S&P 500 Stocks are Inferior, and have downside risk.

Investor Sentiment has turned  more positive very quickly according to the FEAR Index (above). This could signal some profit taking soon, as many Leaders are up near their Red Zones (probably too late to Buy for the Short Term).

So Short Term Investors should be raising some Cash to be able to Buy on the next cycle down. If the next decline has Low Volume and won’t drop much, we could see a much larger rally up to the Green Line or Higher. 

For the week the Dow was up 2.40%, the S&P 500 was up 2.61%, and the Nasdaq 100 was up 2.78%.   The very Long Term Trend on the Stock Markets is UP, but many most major Indices are Below the Green Lines (avoid).

 

The Inflation Index (CRB) was up 2.73% but is Below the Green Line, indicating Economic Weakness.

Bonds  were down  0.97% for the week and are Above the Green Line, indicating Economic Weakness.

The US DOLLAR  was down 0.39%, and could be topping as the FED is probably finished Raising Rates for a while (unless they purposely  want to create a Slow Down). A falling Dollar could be good for Tech Stocks and Commodities.

Crude Oil was up 7.57% for the week at $51.59, and GOLD was up 0.29% at $1290.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 6 logged Open Positions, for the Short & Medium Term.  There are 5 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

______________________________________________________________________________________________

LONG TERM TRADES 

Investments below that can Bounce up off the Green Line with Above 80 Relative Strength, could re-test their recent Highs.

   
ARWR    ARROWHEAD PHARMA.    Up 12.8% this week. Try to Buy near the Red Line around  $13.56 (50-day avg.)   
BSX    BOSTON SCIENTIFIC    Up 4% this week. Try to Buy near the Red Line around  $35.34 (50-day avg.) 
CGC    CANOPY GROWTH    Up 35.5% this week. Try to Buy near the Red Line around  $33.22 (50-day avg.)   
FIVE    FIVE BELOW    Up 9% this week. Try to Buy near the Red Line around  $107.01 (50-day avg.)   
FTNT    FORTINET INC.     Up 9.5% this week. Try to Buy near the Red Line around  $71.80 (50-day avg.)   
I    INTELSAT GLOBAL     Place Buy Stop above $24.48 on the Close.  
LULU    LULULEMON ATHLETICA     Buy on any pull-back near the Red Line of $127.39.
MA    MASTERCARD    Buy on any pull-back near the Red Line of $192.87.
MSFT    MICROSOFT CORP.     Wait for weekly Close Above the Red Line of $103.91 (50-day avg.)      
NIHD    NII HOLDINGS    Up 18% this week. Try to Buy near the Red Line around  $4.98 (50-day avg.)     
UAL    UNITED CON’T. AIR     Wait for weekly Close Above the Red Line of $85.25 (50-day avg.)     
WWE    WORLD WRESTLING    Closed above $77.95 Resistance, but the weekly Money Wave is already in the Red Zone. Place a Tight Sell Stop Below the Red Line of $74.64.   

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Click for  Portfolio (Open Positions)  
Click for  Watch List
Click for  Closed Positions

 

Alert! Market Risk is MEDIUM (Yellow Zone). The probability of successful Short Term Trades is better, when the S&P 500 is down near the Green Line. 

Tell your Friends about the Green Line, and Help Animals.

 

QUESTION:  Jim D. writes” Hi there, I am a member but am still confused on how best to react to Money Wave Buy Signals. Thanks.”

 

ANSWER:  

The Green Line System Buys High Volume & High Relative Strength Investments when they pull-back (Into the Green Zones).

Investments that are in the Green Zones (or “On Deck”) are on the Watch List. for you to Study.

When the Investment has a Buy Signal (Money Wave Closing above 20 and out of the Green Zone), we send out an email or text before the Mkt. Close.

Then Buy the Investment, and put in the Sell Stop Loss (based on closing price) to limit the risk… Then Monitor the PORTFOLIO  page to update your Stop Loss, or wait for Daily Email for when to Sell.

It is that Simple! The System should have a lot of small losses if you use Stops, but the number of winning trades should be greater. This is a “Probability System” that is not perfect and won’t get you rich quick, but it should make more than it loses in any type of Market.

Good trading, and tell your friends!

Related Post

– Green Line Weekly Jan 6, 2019

 

01/06/2019:  Markets  were up again this week as the Indices rallied up towards their Red Lines (50-day avgs.) Slowly the Investor Sentiment should change to a more positive view as Buyers come back in from an Over-Sold condition. 

Normally after the FEAR levels become so high and Dumb Money sells,  the media will begin to print positive stories again (we already got the FED becoming less Hawkish, but still need a necessary China Trade deal.)

For the week the Dow was up 1.61%, the S&P 500 was up 1.87%, and the Nasdaq 100 was up 2.19%.   The very Long Term Trend on the Stock Markets is UP, but many Indices made 52-week Lows recently which could signal a Top has been made.

 

The Inflation Index (CRB) was up 1.40% and is Below the Green Line, indicating Economic Weakness.

Bonds  were up  0.88% for the week and are Above the Green Line, indicating Economic Weakness.

The US DOLLAR  was down 0.04%, and could be topping as the FED is probably finished Raising Rates for a while (unless they purposely  want to create a Slow Down). A falling Dollar could be good for Tech Stocks and Commodities.

Crude Oil was up 5.80% for the week at $47.96, and GOLD was up 0.2% at $1286.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 11 logged Open Positions, for the Short & Medium Term.  There are 2 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

______________________________________________________________________________________________

LONG TERM TRADES 

Investments below that can Bounce up off the Green Line with Above 80 Relative Strength, could re-test their recent Highs.

   
ARWR    ARROWHEAD PHARMA.    Wait for weekly Close Above the Red Line of $13.27 (50-day avg.)   
BSX    BOSTON SCIENTIFIC     Wait for weekly Close Above the Red Line of $35.29 (50-day avg.) 
CGC    CANOPY GROWTH     Wait for weekly Close Above the Red Line of $32.10 (50-day avg.) 

FIVE    FIVE BELOW     Closed Above the Red Line of $104.66 (50-day avg.)   Buy on any pull-back around the Red Line.

FTNT    FORTINET INC.     Wait for weekly Close Above the Red Line of $71.47 (50-day avg.)   
I    INTELSAT GLOBAL     Wait for weekly Close Above the Red Line of $23.59 (50-day avg.) 

LULU    LULULEMON ATHLETICA     Closed Above the Red Line of $126.33 (50-day avg.)     Buy on any pull-back around the Red Line.

MA    MASTERCARD     Wait for weekly Close Above the Red Line of $192.52 (50-day avg.)   
MSFT    MICROSOFT CORP.     Wait for weekly Close Above the Red Line of $104.16 (50-day avg.)      
NIHD    NII HOLDINGS    Wait for weekly Close Above the Red Line of $4.92 (50-day avg.)     
UAL    UNITED CON’T. AIR     Wait for weekly Close Above the Red Line of $86.40 (50-day avg.)     
WWE    WORLD WRESTLING    Place Buy Stop above $77.95 on the Close.  

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Click for  Portfolio (Open Positions)  
Click for  Watch List
Click for  Closed Positions

 

Alert! Market Risk is LOW (Green Zone). The probability of successful Short Term Trades is better, when the S&P 500 is down near the Green Line. 

Tell your Friends about the Green Line, and Help Animals.

 

4 Ways to Get your Daily Money Wave Alert:

• Emailed to your box between 3:30 3:50pm EST.
• Website menu Commentary/Buy/Sell Signals
• Twitter notifications are the fastest & most reliable. @AboveGreenLine
• Text messages: Email us your Cell number & phone carrier, please.

Related Post

– Green Line Weekly Dec 30, 2018