Market-2

 

10/21/2018:  Markets were up slightly for the week, as the S&P 500 is going back down to re-test the Green Line. Bouncing before the Green Line would be “Bullish”. Then possibly a larger rally up for the Leaders.

Now the Indices are back down near the Green Zones, for Money Wave Buys soon.
Weaker Investments might not bounce that well, so only Buy the Strongest Investments with > 90 Relative Strength.

For the week the Dow was up 0.41%, the S&P 500 was up 0.11%, and the Nasdaq 100 was down 0.70%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was down 0.39% and is Above the Green Line, indicating Economic Strength.

Bonds  were down 0.66% for the week and are Below the Green Line, indicating Economic Strength.

The US DOLLAR  was up 0.55% for the week, but it has resistance at the August Highs.

Crude Oil was down 2.89% for the week at $69.28, and GOLD was up at $1229.

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MONEY WAVE BUYS SOON:   

We are currently in 11 logged Open Positions, for the Short & Medium Term.  There are 8 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buys!

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LONG TERM TRADES 

The Long Term List has become large, and if the Investments below can Bounce up off the Green Line with Above 80 Relative Strength, some could re-test their Highs.

AEO   AMER. EAGLE OUTFITTERS    Wait for weekly Close Above the Red Line of $23.82 (50-day avg.)   
ALGN    ALIGN TECH     
ARWR    ARROWHEAD PHARMA.
CVNA   CARVANA CO.    Wait for weekly Close Above the Red Line of $54.31 (50-day avg.)    
FDN    INTERNET FUND
FOSL    FOSSIL GROUP    Wait for weekly Close Above the Red Line of $23.12 (50-day avg.)
HEAR    TURTLE BEACH CORP.    Wait for weekly Close Above the Red Line of $21.40 (50-day avg.)   
HRTX    HERON THERA.    Wait for weekly Close Above the Red Line of $33.49 (50-day avg.)   
IMMU    IMMUNOMEDICS,  INC.    Wait for a Fade back down to the 50-day avg.   
M    MACY’S INC.    Wait for weekly Close Above the Red Line of $35.04 (50-day avg.)
URBN    URBAN OUTFITTERS    Wait for weekly Close Above the Red Line of $42.04 (50-day avg.)   
WTW    WEIGHT WATCHERS     Wait for weekly Close Above the Red Line of $72.94 (50-day avg.)

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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.

Related Post

– Green Line Weekly Oct 14, 2018

 

10/07/2018:  Markets dumped for the week, as the S&P 500 could not HOLD above the Support of the January Highs of 2872. This makes the Jan & Sept Highs more of a “Double Top” (no more Money), at least for the short term.

However, now only 16% of the S&P 500 Stocks are Above the 50-day avgs. which has created good Buying points in the past (see chart above). Remember, Sell when the Herd feels Great, Buy when the Herd is scared. Maybe another quick re-test back down next week towards the Green Line, and then a larger rally up for the Leaders.

Now the Indices are back down in the Green Zones, for Money Wave Buys soon.
Weaker Investments might not bounce that well, so only Buy the Strongest Investments with > 90 Relative Strength.

For the week the Dow was down 4.19%, the S&P 500 was down 4.10%, and the Nasdaq 100 was down 3.27%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was down 0.55% and is Above the Green Line, indicating Economic Strength.

Bonds  were up 1.27% for the week and are Below the Green Line, indicating Economic Strength.
INVERSE BOND FUND TBT could be beginning a BULL Market, as it is Above the Green Line + 90 Relative Strength. However, TBT is very Over-Bought.

The US DOLLAR  was up 0.55% for the week, but it has resistance at the August Highs.

Crude Oil was down 4.04% for the week at $71.34, and GOLD was up at $1222.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 8 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 Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

The Long Term List has become large, and if the Investments below can Bounce up off the Green Line with Above 80 Relative Strength, some could re-test their Highs.

AEO   AMER. EAGLE OUTFITTERS    Wait for weekly Close Above the Red Line of $23.82 (50-day avg.)   
CVNA    CARVANA CO.    Wait for weekly Close Above the Red Line of $54.31 (50-day avg.)   
ECYT    ENDOCYTE, INC.    Wait for weekly Close Above the Red Line of $16.73 (50-day avg.)   
FOSL    FOSSIL GROUP    Wait for weekly Close Above the Red Line of $23.12 (50-day avg.)
HEAR    TURTLE BEACH CORP.    Wait for weekly Close Above the Red Line of $21.40 (50-day avg.)   
HRTX    HERON THERA.    Wait for weekly Close Above the Red Line of $33.49 (50-day avg.)   
IMMU    IMMUNOMEDICS,  INC.    Wait for weekly Close Above the Red Line of $22.07 (50-day avg.)   
M    MACY’S INC.    Wait for weekly Close Above the Red Line of $35.04 (50-day avg.)
THC    TELNET HEALTHCARE    Wait for weekly Close Above the Red Line of $29.58 (50-day avg.)   
TWTR    TWITTER, INC.    Wait for weekly Close Above the Red Line of $30.90 (50-day avg.)
URBN    URBAN OUTFITTERS    Wait for weekly Close Above the Red Line of $42.04 (50-day avg.)   
WTW    WEIGHT WATCHERS     Wait for weekly Close Above the Red Line of $72.94 (50-day avg.)

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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.

 

QUESTION:  Stan writes ” Do you ever Sell Investments Short?”

ANSWER: Hi Stan, as long at the major Indices are in up-trends we will not Short, as most Followers don’t understand Selling Short.

Just recently there are 2 Inverse Funds that now meet the Green Line Rules (Above the Green Line + Above 90 Relative Strength).

They are Inverse Emerging Markets (EUM) and Inverse Ultra Bond Fund (TBT). Both are currently too over-bought now, but they should be on the Watch List soon if they still meet the Rules.

Related Post

– Green Line Weekly Oct 7, 2018

 

10/07/2018:  Markets were down for the week, as the Leaders were over-bought and in the Red Zones. Now the Indices are returning back down to the Green Zones, for Money Wave Buys soon.

For the week the Dow was down 0.04%, the S&P 500 was down 1.00%, and the Nasdaq 100 was down 3.00%.   The S&P 500 now  has Support at the January Highs of 2872. The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was up 1.99% and is Above the Green Line, indicating Economic Strength.

Bonds  dumped 3.39% for the week and are Below the Green Line, indicating Economic Strength. INVERSE BOND FUND TBT could be beginning a BULL Market, as it is Above the Green Line + 90 Relative Strength. However, TBT is very Over-Bought.

The US DOLLAR  was up 0.55% for the week, but it has resistance at the August Highs.

Crude Oil was up 1.49% for the week at $74.34, and GOLD was up at $1206.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 4 logged Open Positions, for the Short & Medium Term.  There are 7 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

The Long Term List has become large, and if the Investments below can Bounce up off the Green Line with Above 80 Relative Strength, some could re-test their Highs.

AEO   AMER. EAGLE OUTFITTERS    Wait for Weekly Money Wave Close > 20.
ETFC    E*TRADE FINANCIAL    Wait for weekly Close Above the Red Line of $56.01 (50-day avg.)   
FOSL    FOSSIL GROUP    Wait for weekly Close Above the Red Line of $23.67 (50-day avg.)
HEAR    TURTLE BEACH CORP.    Wait for weekly Close Above the Red Line of $21.58 (50-day avg.)   
HRTX    HERON THERA.    Wait for Weekly Money Wave Close > 20.   
IMMU    IMMUNOMEDICS,  INC.    Wait for Weekly Money Wave Close > 20.
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $47.66 (50-day avg.)
MU    MICRON TECH    Wait for weekly Close Above the Red Line of $47.37 (50-day avg.)
THC    TELNET HEALTHCARE    Wait for Weekly Money Wave Close > 20.
TWTR    TWITTER, INC.    Wait for weekly Close Above the Red Line of $31.55 (50-day avg.)
URBN    URBAN OUTFITTERS    Wait for Weekly Money Wave Close > 20.
WTW    WEIGHT WATCHERS     Wait for weekly Close Above the Red Line of $74.29 (50-day avg.)

___________________________________________________________________________________________

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

 

Alert! Market Risk is High (RedZone). 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.

Related Post

– Green Line Weekly Sep 30, 2018

 

09/30/2018:  Markets were down for the week, as the Leaders were over-bought and in the Red Zones. Now the Indices are slowly correcting back down to the Green Zones, for More Money Wave Buys.

It would be better trading for the Markets to correct more down to the Red Lines (50-day avgs.) 

For the week the Dow was down 1.07%, the S&P 500 was down 0.43%, and the Nasdaq 100 was down 1.28%.   The S&P 500 now  has Support at the January Highs of 2872. The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was up 0.61% and is Above the Green Line, indicating Economic Strength.

Bonds  were up 0.15% for the week and is Below the Green Line, indicating Economic Strength.

The US DOLLAR  was up 1.08% for the week, and is back above the Red Line on the FED raise.

Crude Oil was up 3.49% for the week at $73.25, and GOLD was down at $1192.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 4 logged Open Positions, for the Short & Medium Term.  There are 6 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

Some of last quarter’s favorites are down near or Below their Green Lines, as the Market Internals have narrowed. These tend to do well if they can Bounce up from the Green Lines.

ETFC    E*TRADE FINANCIAL    Wait for weekly Close Above the Red Line of $56.75 (50-day avg.)
HEAR    TURTLE BEACH CORP.    Wait for weekly Close Above the Red Line of $22.46 (50-day avg.)   
HRTX    HERON THERA.    Wait for Weekly Money Wave Close > 20.
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $47.80 (50-day avg.)
MU    MICRON TECH    Wait for weekly Close Above the Red Line of $48.21 (50-day avg.)
THC    TELNET HEALTHCARE    Wait for Weekly Money Wave Close > 20.
TWTR    TWITTER, INC.    Wait for weekly Close Above the Red Line of $32.25 (50-day avg.)
URBN    URBAN OUTFITTERS    Wait for Weekly Money Wave Close > 20.
WTW    WEIGHT WATCHERS     Wait for weekly Close Above the Red Line of $75.55 (50-day avg.)

___________________________________________________________________________________________

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

 

Alert! Market Risk is High (RedZone). 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: When you say “you will Not Log the trade” what does that mean?

ANSWER: If the Reward / Risk is not 2:1 or better we will not log the trade (or count it in our Performance Record). Some members want to see every mechanical Money Wave Buy Signal,  but the Money Wave pops are usually only good for 3-6 % in the Short Term. If a stock is already up >3%, we will normally Not Log the trade.

If you Buy an Investment at $12, for a re-test of High at $14, the Reward potential could be $2, or 16.7%. If you have a Stop at $11.5, you are risking $0.50.
So Reward / Risk is $2.00 / $0.50 = 4:1 odds… EXCELLENT!

The Swing Low is the previous Support where Buyers came in, and the Investment bounced.

Good trading, and tell your friends!

Related Post

– Green Line Weekly Sep 23, 2018

 

09/23/2018:  Markets were up again this week, as the DOW Index finally exceeded the January Highs. However the Markets are over-bought, and it would be better trading for the Markets to correct some towards the Red Lines (50-day avgs.) 

For the week the Dow was up 2.24%, the S&P 500 was up 0.84%, and the Nasdaq 100 was down 0.19%.   The S&P 500 now  has Support at the January Highs of 2872. The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was up 1.83% and is Above the Green Line, indicating Economic Strength.

Bonds  were down 1.22% for the week and Closed Below the Green Line, indicating Economic Strength.

The US DOLLAR  was down 0.75% for the week, and slipped below the Red Line.

Crude Oil was up 2.59% for the week at $70.78, and GOLD was mixed at $1201.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 5 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 Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

Most of the longer term favorites below are currently Below their Green Lines, as the Market Internals have narrowed. These tend to do well if they can Bounce up from the Green Lines.

ETFC    E*TRADE FINANCIAL    Wait for weekly Close Above the Red Line of $57.72 (50-day avg.)
HEAR    TURTLE BEACH CORP.    Wait for Weekly Money Wave Close > 20.
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $47.92 (50-day avg.)
MU    MICRON TECH    Wait for weekly Close Above the Red Line of $48.87 (50-day avg.)
THC    TELNET HEALTHCARE    Wait for Weekly Money Wave Close > 20.
TWTR    TWITTER, INC.    Wait for weekly Close Above the Red Line of $33.09 (50-day avg.)
URBN    URBAN OUTFITTERS    Wait for Weekly Money Wave Close > 20.
WTW    WEIGHT WATCHERS     Wait for weekly Close Above the Red Line of $76.34 (50-day avg.)

___________________________________________________________________________________________

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

 

Alert! Market Risk is High (RedZone). 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 @AboveGreenLine  (fastest and most reliable)
• Text messages: Email us your Cell number & phone carrier.

Related Post

– Green Line Weekly Sep 16, 2018