Market-2

 

09/16/2018:  Markets were up for the week, as the Indices bounced out of their Daily Green Zones, for Short Term Money Wave Buys Signals. The S&P 500 bounced after testing Support at the January Highs of 2872. 

Markets Leaders have not been correcting down enough lately to set up better Money Wave Trades, as Investor Sentiment “Feels Great”.  That will eventually change, and disciplined Investors will be ready to Buy on Pull-Backs.

For the week the Dow was up 0.92%, the S&P 500 was up 1.14%, and the Nasdaq 100 was up 1.55%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was up 0.06% and is Below the Green Line, indicating Economic weakness.

Bonds  were down 0.49% for the week and Closed Below the Green Line, indicating Economic Strength.

The US DOLLAR  was up 0.36% for the week, and should bounce near the Red Line soon.

Crude Oil was up 1.83% for the week at $69.00, and GOLD was mixed at $1201.

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MONEY WAVE BUYS SOON:   

We are currently in 4 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!

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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 $58.32 (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 $48.20 (50-day avg.)
MU    MICRON TECH    Wait for weekly Close Above the Red Line of $49.79 (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 $34.12 (50-day avg.)
WTW    WEIGHT WATCHERS     Wait for weekly Close Above the Red Line of $77.80 (50-day avg.)

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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:   Chris writes “What is meant by “EXIT    AMZN    AMAZON.COM    if it is going to Close below your Buy Price, or $1987.15.”  Does this mean to ‘exit the position if it closes below your buy price or $1,987.15, whichever is lower OR whichever is higher?’

ANSWER:  When an Investment goes into a Money Wave Buy, it should Pop up 3-6% in a few days.  Once the Money Wave Indicator (Slow Stochastic) is > 50, and your investment is not Popping, we suggest getting out. (DON’T TAKE A LOSS.)

Maybe the Buy Signal was too early, and the Investment might go lower… This is all based on probabilities… Bet on a bounce and Bag it, or EXIT, for Short Term Trades.

We use the Closing price only to determine the Buy Price… Some subscribers might have had a slightly different entry price. EXIT if Closes LOWER than either price.

Thank you for writing!

Related Post

– Green Line Weekly Sep 9, 2018

 

09/09/2018:  Markets were  down for the week, as the Indices are coming back down to their Green Zones, for Short Term Money Wave Buys soon. The S&P 500 has faded back down to test the January Highs of 2872 to see if that level becomes new Support. 

For the week the Dow was down 0.19%, the S&P 500 was down 0.93%, and the Nasdaq 100 was down 2.93%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was down 1.35% and is Below the Green Line, indicating Economic weakness.

Bonds  were down 1.32% for the week and Closed Below the Green Line, indicating Economic Strength.

The US DOLLAR  was up 0.36% for the week, and should bounce near the Red Line soon.

Crude Oil was down 2.94% for the week at $67.75, and GOLD was down 0.52% at $1200.

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MONEY WAVE BUYS SOON:   

We are currently in 2 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 

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 Money Wave Close > 20.
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $48.79 (50-day avg.)
MU    MICRON TECH    Wait for weekly Close Above the Red Line of $51.01 (50-day avg.)
TWTR    TWITTER, INC.    Wait for weekly Close Above the Red Line of $35.00 (50-day avg.)
WTW    WEIGHT WATCHERS    Wait for Weekly Money Wave Close > 20.

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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:   Kerry writes:

“I am a relatively new member and am curious about the rationale for one of the rules.  As I understand it, to qualify as a buy, a security must close below the the Money Wave (slow stochastic) reading of 20  for at least  one day;  merely dipping below the 20 reading for a part of the day and then breaking out above  it that same day is insufficient to qualify for a buy.  I am curious about the rationale for that distinction.

Thanks so much in advance,”

ANSWER:

Sometimes the Strongest Investments do not Close on the Green Zone, and take off again. But we need firm Rules to have a System, so we require a Close in the Green Zone.

If many Investments are coming down in the Green Zone together on a Market drop, it is fine to fudge on the Rule (and sometimes better) and Buy the ones that “Tag & Go”.

Just have a Sell Stop Loss Below the trade.

Good trading, and tell your friends!

Related Post

– Green Line Weekly Sep 2, 2018

 

09/02/2018:  Markets were  up for the week, as several major Indices made New Highs. The DOW Index, NYSE Index, and World Index have not made New Highs yet and are all weaker than they were in January.

A few of the Darling favorites “Melted Up” in  August. While the S&P 500 was up 3.03%, AAPL was up 20%. AMZN was up 13% and SQ was up 37% (without any significant news). This is similar to the Internet Bubble “Melt Up” of 1999.

Consumer Confidence is the highest is 18 years, so Investors FEEL as good as they did in the Internet Bubble of 1999.

Normally the over-bought Markets will fade back down to test the January Highs of 2872 to see if that level becomes new Support. 

For the week the Dow was up 0.68%, the S&P 500 was up 0.97%, and the Nasdaq 100 was up 2.29%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was up 0.46% and is Below the Green Line, indicating Economic weakness.

Bonds  were down 1.06% for the week and Closed Above the Green Line, indicating Economic weakness.

The US DOLLAR  was unchanged for the week, and should bounce near the Red Line soon.

Crude Oil was up 1.57% for the week at $69.80, and GOLD was down 0.54% at $1207.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 2 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 Buys!

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LONG TERM TRADES 

 

The Funds below are correcting down to their Green Lines, but the Relative Strength is remaining high. These tend to Bounce nicely when the weekly Money Wave crosses up > 20.

IBKR    INTERACTIVE BROKERS    Relative Strength is Below 80.
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $49.30 (50-day avg.)
MU    MICRON TECH    Wait for weekly Close Above the Red Line of $52.58 (50-day avg.)
TWTR    TWITTER, INC.    Wait for weekly Close Above the Red Line of $36.01 (50-day avg.)
WTW    WEIGHT WATCHERS    Wait for Weekly Money Wave Close > 20.

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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:  Brian writes ” Is there anyway to make your strategy work in the German markets or the forex game. Like things without sctr values?”

ANSWER:  Yes Brian, the Green Line System works with ALL Investments and Mutual Funds that can be Charted.

If there is no Symbol, you can manually make a Chart like we did before computers existed. Make sure the Investment stays Above the Green Line (250 day ema).

Determining Relative Strength would be trickier. Most Relative Strength systems use computers to compare the Investment to the S&P 5oo index, or to all Investments that are in the database.

Related Post

– Weekly Green Line August 26, 2018

 

08/26/2018:  Markets were  up for the week, as several major Indices made New Highs. Now the Indices should hold above the January Highs for the rally to remain healthy, as old Resistance should become Support.

A more “Bullish” scenario would have been for the Markets to shoot up thru the Highs with Huge Volume. That did not happen.

The “Bearish” scenario would be for the Markets to “Double Top”  or form a “M” pattern, which would indicate a lack of new money and could cause Selling. 

For the week the Dow was up 0.47%, the S&P 500 was up 0.86%, and the Nasdaq 100 was up 1.46%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was up 1.77% and is Below the Green Line, indicating Economic weakness.

Bonds  were up 1.08% for the week and Closed Above the Green Line, indicating Economic weakness.

The US DOLLAR  was down 0.94% for the week, and should bounce near the Red Line soon.

Crude Oil was up 5.38% for the week at $68.72, and GOLD was up  2.46% at $1213.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 3 logged Open Positions, for the Short & Medium Term.  There is 1 Investment on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buys!

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LONG TERM TRADES 

 

NFLX    NETFLIX, INC.    was up 13% for the week, so we missed it…

SPLK    SPLUNK, INC.    was up 19% for the week, so we missed it…

 

MU    MICRON TECH     CHANGE Buy Signal to: Wait for Weekly Close above the Red Line, since the Semi group has weakened.

 

The Funds below are correcting down to their Green Lines, but the Relative Strength is remaining high. These tend to Bounce nicely when the weekly Money Wave crosses up > 20.

ARRY    ARRAY BIOPHARMA    Wait for Weekly Money Wave Close > 20.
IBKR    INTERACTIVE BROKERS     Wait for weekly Close Above the Red Line of $63.08 (50-day avg.)
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $49.50 (50-day avg.)
MU    MICRON TECH    Wait for weekly Close Above the Red Line of $52.35 (50-day avg.)
TWTR    TWITTER, INC.    Wait for weekly Close Above the Red Line of $36.19 (50-day avg.)
WTW    WEIGHT WATCHERS    Wait for Weekly Money Wave Close > 20.

___________________________________________________________________________________________

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.

 

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!

Related Post

– Weekly Green Line Aug 19, 2018

 

08/19/2018:  Markets were  up slightly for the week, after the Indices dipped down near the Red Lines (50-day avgs.) and then bounced. Now the Indices need to Close above the January Highs for the rally to remain healthy.

A “Bullish” scenario would be for the Markets to shoot up thru the Highs with Huge Volume.

The “Bearish” scenario would be for the Markets to “Double Top”  or form a “M” pattern, which would indicate a lack of new money and could cause Selling. We should find out soon.

For the week the Dow was up 1.41%, the S&P 500 was up 0.67%, and the Nasdaq 100 was down 0.42%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was down 1.54% and is Below the Green Line, indicating Economic weakness.

Bonds  were up 0.27% for the week and Closed Above the Green Line, indicating Economic weakness.

The US DOLLAR  was down 0.16% for the week.

Crude Oil was down 3.58% for the week at $65.21, and GOLD was down 2.85% at $1184.

___________________________________________________________________________________________

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 Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

 

CGC    CANOPY GROWTH    “Gapped Up 19% for the week on earnings, so we missed it…

 

The Funds below are correcting down to their Green Lines, but the Relative Strength is remaining high. These tend to Bounce nicely when the weekly Money Wave crosses up > 20.

ARRY    ARRAY BIOPHARMA    Wait for Weekly Money Wave Close > 20.
IBKR    INTERACTIVE BROKERS     Wait for weekly Close Above the Red Line of $63.52 (50-day avg.)
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $49.91 (50-day avg.)
MU    MICRON TECH     Wait for Weekly Money Wave Close > 20.
NFLX    NETFLIX, INC.    Wait for Weekly Money Wave Close > 20.
TWTR    TWITTER, INC.    Wait for Weekly Money Wave Close > 20.

___________________________________________________________________________________________

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:    John H. writes “Morning ATGL,  Do you like one particular time frame for making entries and exits during the day, after you have already made the decision to trade?”

ANSWER:   Hi John, and thank you for writing. For logging of trades we only use the Closing Price on the day the Money Wave Closes > 20. Many will go to the 60-min chart, and Buy in advance of the Close, but only if the Daily Money Wave is going to Close >20.

Wait for the 60-min Chart to at least cross above the Pink Line, and preferably a Triple Buy on 60-min (1. Above Pink Line 2. Above 20 on Money Wave 3. MACD Buy).

You might sell when the Investment does not bounce well off the Pink Line (10-day avg.) or Closes below Pink.

Good trading, and tell your friends!

 

Related Post

– Weekly Green Line Aug 12, 2018