Market-2

 

08/12/2018:  Markets were  mixed for the week, as the Indices stalled near the resistance of the January Highs. It is normal for profit taking to come in at resistance, as many Investors who regretted not getting out in January decided to get out this time up. A normal “Bullish” scenario would be for the Markets to correct down near the Red Lines (50-day avgs.) and then shoot up thru the Highs with Huge Volume (see Chart above).

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.

The broader New York Stock Exchange with 2800 Stocks is weaker. For the week the Dow was down 0.59%, the S&P 500 was up 0.16%, and the Nasdaq was up 0.17%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was down 0.80% and is Below the Green Line.

Bonds  were up 1.21% for the week and Closed Above the Green Line, indicating Economic weakness.

The US DOLLAR  was up 1.23% for the week, and made a 52-week High.

Crude Oil was down 1.26% for the week at $67.63, and GOLD was down 0.34% at $1219.

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MONEY WAVE BUYS SOON:   

We are currently in 7 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 

 

CGC    CANOPY GROWTH    Long Term Buy on Monday Aug 13 with a tight Sell Stop Loss Below the Red Line of $27.46 (50-day avg.) on the Close.

MTCH    MATCH GROUP    “Gapped Up 34% for the week on earnings, so we missed it…

SPLK    SPLUNK INC.    Long Term Buy on Friday. SPLK will not be logged as the TECH Fund is already back on Highs.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

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 $64.04 (50-day avg.)
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $50.53 (50-day avg.)
NFLX    NETFLIX, INC.    Wait for Weekly Money Wave Close > 20.
TWTR    TWITTER, INC.    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.

 

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
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• Text messages: Email us your Cell number & phone carrier.

Related Post

– Weekly Green Line Aug 5, 2018

 

08/05/2018:  Markets were slightly higher for the week, as the Indices are going back up to re-test the January Highs. Either the Markets will make New Highs soon, or “Double Top” which would indicate a lack of new money and could cause Selling. We should find out soon.

The broader New York Stock Exchange with 2800 Stocks is weaker. For the week the Dow was up 0.06%, the S&P 500 was up 0.77%, and the Nasdaq was up 0.96%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was down 0.48% and is trying to hold Above the Green Line.

Bonds  were unchanged for the week and Closed Below the Green Line, indicating Economic strength.

The US DOLLAR  was up 0.60% for the week, and is Above the Green Line.

Crude Oil was down 29% for the week at $68.49, and GOLD was unchanged at $1223.

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MONEY WAVE BUYS SOON:   

We are currently in 8 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 

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.
CGC    CANOPY GROWTH    Wait for weekly Close Above the Red Line of $27.21 (50-day avg.)
IBKR    INTERACTIVE BROKERS     Wait for weekly Close Above the Red Line of $64.49 (50-day avg.)
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $50.90 (50-day avg.)
MTCH    MATCH     Wait for weekly Close Above the Red Line of $39.42 (50-day avg.)
SPLK    SPLUNK INC.    Wait for weekly Close Above the Red Line of $104.54 (50-day avg.)
TWTR    TWITTER, INC.    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. 

 

QUESTION:  Costine writes “Thank you so much for your amazing charts. What is the best vehicle to buy to short the S&P 500?
Many thanks and regards.”

ANSWER: It is probably way too early to Short… Yes, the Markets are very Over-Bought, and will return again to the Green Lines. But the next good trade should be when the Leaders come down to the Green Line, and then should bounce back up near the Highs (until they FAIL TO MAKE NEW HIGHS).

When the Markets finally go BEAR, we will be in Inverse Funds like SH (when it meets the Rules).

Good trading, and tell your friends!

 

Related Post

– Weekly Green Line Jul 29, 2018

 

07/29/2018:  Markets were higher for the week, as the Indices are going back up to re-test the January Highs. Failure to make New Highs could cause Selling. The broader New York Stock Exchange with 2800 Stocks is weaker.

The NASDAQ 100 Index was able to make New Highs this week, but sold off on FB and AMZN Earnings.  For the week, the Dow was up 1.57%, the S&P 500 was up 0.61%, and the Nasdaq was down 0.77%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was up 0.80% and is trying to hold Above the Green Line.

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

The US DOLLAR  was mixed for the week, and is Above the Green Line.

Crude Oil was up 0.63% for the week at $68.70, and GOLD was down 0.66%.

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MONEY WAVE BUYS SOON:   

We are currently in 4 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 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.

VALE    VALE DO RIO    Shot up 11.68%, so we missed it.
VLO    VALERO ENERGY    Shot up 9.55%, so we missed it.

 

CGC    CANOPY GROWTH    Wait for Weekly Money Wave Close > 20.
IBKR    INTERACTIVE BROKERS    Wait for Weekly Money Wave Close > 20.
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $51.57 (50-day avg.)
MTCH    MATCH    Wait for Weekly Money Wave Close > 20.
SPLK    SPLUNK INC.    Wait for weekly Close Above the Red Line of $105.44 (50-day avg.)
TWTR    TWITTER, INC.    Weekly Money Wave must Close in the Green Zone.

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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:  Dewey writes “Stock charts showed BA hitting $344.35 today, which is below the stop loss limit you have. But it still remains in the open listing after the close of the market today. Am I missing something?”

ANSWER:  The Rules require that the Investment Close below the Stop Price.  Also, we will warn you in the Daily email if an Investment if probably going to Close Below the Sell Stop Loss point.

Good trading, and tell your friends!

 

Related Post

– Green Line Weekly Jul 22, 2018

 

07/22/2018:  Markets were mixed for the week, as the broad Markets like the New York Stock Exchange are struggling to go higher.

Trump is blaming the Fed on raising short Term Rates. As Technical Analysts, we don’t care “WHY” things happen, but since the Trade War talks began, many sectors of the Markets have weakened. Trump needs to “WIN” soon on Trade or the Economy could slip into a Slowdown based on the Yield Curve.

The NASDAQ 100 Index was able to get back up to the Highs on Friday with 2 of the 5 FAANG stocks leading.  For the week, the Dow was up 0.2%, the S&P 500 was up about 0.1%, and the Nasdaq was flat.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was down 0.57% and closed Below the Green Line, indicating Economic weakness.

Bonds  were down 1.60% for the week but Closed Above the Green Line, indicating Economic weakness.

The US DOLLAR  was mixed for the week, and is Above the Green Line.

Crude Oil was down another 3.87% for the week at $68.26, and GOLD was down 0.81%.

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MONEY WAVE BUYS SOON:   

We are currently in 6 logged Open Positions, for the Short & Medium Term.  Most are now in the Yellow or Red Zones, so please have Sell Stops below them. There are 2 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.

 

IOVA    IOVANCE BIOTHERA.      Weekly Buy Signal but IOVA will not be logged, as the BioTech Index is back on the Highs

 

FCAU     FIAT CHRYSLER    Wait for weekly Close Above the Red Line of $20.23 (50-day avg.)
IBKR    INTERACTIVE BROKERS    Wait for Weekly Money Wave Close > 20.
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $52.43 (50-day avg.)
SPLK    SPLUNK INC.    Wait for weekly Close Above the Red Line of $106.41 (50-day avg.)
VALE    VALE DO RIO    Wait for weekly Close Above the Red Line of $13.24 (50-day avg.)
VLO    VALERO ENERGY    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:   Steve writes ” What is the deciding factor for you to say “Caution! Way above the Green Line?   Thank you.”

ANSWER:  Hi Steve, Way Above the Green Line means that if you Buy there, you will probably have a “Sick Feeling” when the Investment returns to the Green Line.

Good trading, and tell your friends!

Related Post

– Green Line Weekly Jul 15, 2018

 

07/15/2018:  Markets were up for the week, as the Indices are going back up to re-test the January Highs. Failure of the broad Markets to push higher could indicate a lack of money for Stocks. Stock now have competition from higher Interest Rates and Commodity prices.

The NASDAQ 100 Index was able to get back up to the Highs on Friday with 3 of the 5 FAANG stocks leading.  For the week, the Dow rose 2.29%, 1.79% for the Nasdaq and 1.51% for the S&P 500.  The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was down 2.18% and is struggling to hold Above the Green Line.

Bonds  were mixed for the week but the weekly Money Wave is in the Red Zone. This could be forecasting Economic weakness.

The US DOLLAR  was able to bounce up off the Red Line (50-day avg.)

Crude Oil was down 3.78% for the week at $71.01, and GOLD was down 1.16%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 4 logged Open Positions, for the Short & Medium Term.  Most are now in the Yellow or Red Zones, so please have Sell Stops below them. There are 5 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buys!

______________________________________________________________________________________________

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.

 

FCAU     FIAT CHRYSLER    Wait for weekly Close Above the Red Line of $20.44 (50-day avg.)
IBKR    INTERACTIVE BROKERS    Wait for Weekly Money Wave Close > 20.
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $52.54 (50-day avg.)
IOVA    IOVANCE BIOTHERA.      Wait for Daily Close Above $14.10.
SCCO    SOUTHERN COPPER    Wait for weekly Close Above the Red Line of $48.23 (50-day avg.)
SPLK    SPLUNK INC.    Wait for weekly Close Above the Red Line of $106.61 (50-day avg.)
VALE    VALE DO RIO    Wait for weekly Close Above the Red Line of $13.31 (50-day avg.)
VLO    VALERO ENERGY    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:  Ray H. writes” How do I find a chart on Portfolio stocks?    Thanks.”

ANSWER:   Hi Ray. Please click on the Portfolio Link of each email. 

The click on the Green Symbol (ex. URBN for Daily Chart) , and Green Round Circle (for 60-min Chart).

Good trading, and tell your friends!

Related Post

– Green Line Weekly Jul 8, 2018