Market-2

 

06/03/2018:  Markets were up slightly for the week, after the S&P 500 went down and bounced off the Red Line (50-day avg.) For the week, the Dow declined 0.5%, the Nasdaq rose 1.6% and the S&P 500 gained 0.5%.

The major Indices are Above the Red Lines (50-day avgs.) and could re-test the Highs in a month or two. Closing Below the Red Lines would be “Bearish”. The Long Term Trend is UP.

The Strong Energy Sector bounced up from the Green Zones for some Money Wave Buys last week.

The Inflation Index (CRB) is correcting back down to the Red Line, but is in a mild Up-Trend.

Bonds had a another big rally, and were back Above the Green Line for 3 days this week before failing. Is the Economy slowing down?

The US DOLLAR  is still strong, but over-bought. 

Crude Oil was down another 3.05% for the week at $65.81, and GOLD was down 0.34%.

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MONEY WAVE BUYS SOON:   

We are currently in 5 logged Open Positions, for the Short & Medium Term. Most of the Leading Investments are back up in the Red Zones. 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.

 

ITB    HOME BUILDING FUND    Wait for Daily Close above $39.61.

REMX   RARE EARTH FUND    Wait for Daily Close above $28.62.

SCCO    SOUTHERN COPPER    Wait for Weekly Money Wave Buy > 20.

SGMO    SANGAMO THERA    Wait for a Daily Close above $16.60, then use Green Line as Sell Stop. (Closed at $16.60 on Friday).

TCEHY    TENCENT HOLDINGS     Wait for next Daily Money Wave Buy > 20.

WB    WEIBO CORP.     Wait for weekly Close Above the Red Line (50-day avg.)

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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 higher, when the S&P 500 is down near the Green Line. 

 

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

 

QUESTION:  “I am puzzled by the SGMO SANGAMO THERA buy recommendation as the SCTR score is only 37.5?”

ANSWER:   Thank you for writing. The SCTR rank from Stock Charts is weighted too much to the last 90 days of trading. We prefer the longer term Relative Strength from Investor’s Business Daily or http://www.etfscreen.com.

But the Relative Strength of SGMO at IBD is still only 80. (Also there are 2 values of SCTR on StockCharts’ Chart… The lower one is a 155 day moving average which is 84. Please use that one).

We will probably amend the Rules on Long Term Trading to only 80 R S, as very few Investments stay up at 90 R S after correcting down to the Green Line.

SGMO Chart

Related Post

– Green Line Weekly May 27, 2018

 

05/27/2018:  Markets were up slightly for the week, as the S&P 500 has been churning sideways between 2700 and 2742 for about 3 weeks. Soon a decision will be made.

The major Indices are Above the Red Lines (50-day avgs.) and could re-test the Highs in a month or two. Closing Below the Red Lines would be “Bearish”. The Long Term Trend is UP.

The Strong Energy Sector is correcting back down to the Green Zones for Money Wave Buys soon.

The Inflation Index (CRB) made New Highs this week  but Closed weaker at 203.34, and is in a mild Up-Trend.

Bonds had a big rally off of Final Support, but are still bearish (Below the Green Line and Low Relative Strength).

The US DOLLAR had a big run and is back Above the Green Line, but over-bought. 

Crude Oil was down 4.89% for the week at $67.88, and GOLD was up 0.96%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 3 logged Open Positions, for the Short & Medium Term. Most of the Leading Investments are back up in the Red Zones. There are 7 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.

 

ITB    HOME BUILDING FUND    Wait for Daily Close above $39.61.

REMX   RARE EARTH FUND    Wait for Daily Close above $28.62.

SGMO    SANGAMO THERA    Wait for a Daily Close above $16.60, then use Green Line as Sell Stop.

TCEHY    TENCENT HOLDINGS     Wait for next Daily Money Wave Buy Signal.

WB    WEIBO CORP.     Wait for weekly Close Above the Red Line (50-day avg.)

___________________________________________________________________________________________

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 higher, 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- 3:50 pm EST.
• Website menu Commentary/Buy/Sell Signals
• Twitter notifications are the fastest @AboveGreenLine
• Text messages: Email us your Cell number & phone carrier.

Related Post

– Green Line Weekly May 20, 2018

 

05/20/2018:  Markets were down slightly for the week, as most of the Indices were in the Red Zones (probably too late to Buy for the Short Term). The major indices ended with the Dow down 0.5%, the Nasdaq down by 0.7%, and the S&P 500 down by about 0.5%.

The major Indices are Above the Red Lines (50-day avgs.) and could re-test the Highs in a month or two. Closing Below the Red Lines would be “Bearish”.

The Long Term Trend is UP.

 

The Inflation Index (CRB) made New Highs this week at 203.69, and is in a mild Up-Trend.

Bonds are bearish (Below the Green Line and Low Relative Strength) and went back down near Final Support, before bouncing.

The US DOLLAR had a big run last month, and is back Above the Green Line, but over-bought. 

Crude Oil was up 0.95% for the week at $71.37, and GOLD was down 2.23%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 0 logged Open Positions, for the Short & Medium Term. Most of the Leading Investments were back up in the Red Zones. 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.

 

SGMO    SANGAMO THERA    Wait for a Daily Close above $16.60, then use Green Line as Sell Stop.

SMH    SEMICONDUCTOR FUND    Wait for next Daily Money Wave Buy Signal.

TCEHY    TENCENT HOLDINGS     Wait for next Daily Money Wave Buy Signal.

REMX   RARE EARTH FUND    Buy when Daily Closes above $28.62.

___________________________________________________________________________________________

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 higher, 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 May 13, 2018

 

Happy Mother’s Day to you Moms!

05/13/2018:  Markets were up over 2% for the week, as last week’s Low was Higher than the April Low. This confirmed to most that the selling is over for a while.

All of the major Indices closed Above the Red Lines (50-day avgs.) and could re-test the Highs in a month or two.

The Long Term Trend is UP.

 

The Inflation Index (CRB) made New Highs this week at 203.56, and is in a mild Up-Trend.

Bonds are bearish (Below the Green Line and Low Relative Strength) but rallied back up to the Red Line (50-day avg.) Bonds are not convinced that the Economy is that strong, and are holding well above Support.

The US DOLLAR had a big run last month, and is now Above the Green Line. 

Crude Oil was up 1.41% for the week at $70.70, and GOLD was up 0.46%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

This week’s rally helped us get out of some positions that we had been buried in (Investor sentiment changed from FEAR to GREED quickly).

We are currently in 2 logged Open Positions, for the Short & Medium Term. Most of the Leading Investments are back up in the Red Zones. There are 2 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.

 

ARRY    ARRAY BIOPHARMA    Nice pop this week.  Wait for next Daily Money Wave Buy Signal.

SMH    SEMICONDUCTOR FUND    Nice pop this week.  Wait for next Daily Money Wave Buy Signal.

TCEHY    TENCENT HOLDINGS    Nice pop this week.  Wait for next Daily Money Wave Buy Signal.

REMX   RARE EARTH FUND    Buy when Daily Closes above $28.62.

___________________________________________________________________________________________

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 higher, 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 May 6, 2018

 

05/06/2018:  Markets were mixed for the week, but the Indices were able to bounce up from a larger drop earlier in the week. For the week, the Dow and the S&P 500 lost 0.2% each, but the Nasdaq notched a 1.5% win. The NASDAQ 100 and Small Cap Indices closed Above the Red Lines (50-day avgs.) but the S&P and DOW Indices have not.

Currently 45% of the S&P 500 Stocks are Below the 200-day average, so stay with the Strongest Investments. Otherwise you might get stuck and very frustrated. The Long Term Trend is UP.

 

The Inflation Index (CRB) is near the Highs this week at 203.25, and is now in a mild Up-Trend.

Bonds are bearish (Below the Green Line and Low Relative Strength) but bounced recently up to the Red Line (50-day avg.) Bonds are not convinced that the Economy is that strong, or they would be breaking Support.

The US DOLLAR has broken above a longer term Down Trend line, and was able to Close back Above the Green Line. This has put pressure on the Tech Stocks.

Crude Oil was up 2.38% for the week at $69.72, and GOLD was down 0.66%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:    We are currently in 5 logged Open Positions, for the Short & Medium Term. There are 1 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.

 

ARRY    ARRAY BIOPHARMA    Wait for Weekly Money Wave Close > 20.

SMH    SEMICONDUCTOR FUND    Wait for SMH to Close Above the Red Line.

TCEHY    TENCENT HOLDINGS    Wait for Weekly Money Wave Close > 20.

REMX   RARE EARTH FUND    Buy Above Blue Down Trend Line on Weekly.

___________________________________________________________________________________________

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 higher, when the S&P 500 is down near the Green Line. 

 

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

 

QUESTION:   Dennis writes “The caution “Way Above the Green Line” is frequently raised.  My question is: In percentage terms, how far above the Green Line constitutes being “Way Above”?  A percentage range is a reasonable response.”

ANSWER:   If you Buy Way Above the Green Line, when the Investment RETURNS to the Green Line (Overly Optimistic Emotion Fades)  you will normally have a “sick feeling”.

 

 

Related Post

– Green Line Weekly Apr 29, 2018