Market-2

 

04/29/2018:  Markets were mixed for the week, but the Indices were able to bounce at the 62% Retracement level on the recent decline. The Markets are trading between the Red Lines and Green Lines, until a DECISION is made (Up or Down).

Earnings are coming out, so maybe the Higher Low by the Indices will begin a re-test the Jan Highs. The recent Higher Low has not convinced most that the Selling is over. The Long Term Trend is UP.

The Inflation Index (CRB) is near the Highs this week at 201.39, and is now in a mild Up-Trend.

Bonds are bearish (Below the Green Line and Low Relative Strength) but bounced recently near Support of the February Lows.

The US DOLLAR has broken above a longer term Down Trend line, and is almost back up to the Green Line. This has put pressure on the Tech Stocks.

Crude Oil was down 0.44% for the week at $68.10, and GOLD was down 1.11%.

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MONEY WAVE BUYS SOON:    We are currently in 6 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 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.

SMH    SEMICONDUCTOR FUND    Wait for Weekly Money Wave Close > 20.

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

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

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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:   Greg writes: “I would like an estimate of the normal/usual number of open positions so I know how to allocate my resources. Thanks,”

ANSWER:   Hi Greg, and thank you for subscribing! Normally the number of Open Positions is 4-7. Recently it has been higher, as the Markets were very Over-Sold last month.

Good trading, and tell your friends!

Related Post

– Green Line Weekly Apr 22, 2018

 

04/22/2018:  Markets were up slightly for the week, but profit taking came as the Indices were up in the Red Zones (probably too late to Buy for the Short Term). The Markets are back to trading between the Red Lines and Green Lines, until a DECISION is made (Up or Down).

Earnings are starting to come out, so maybe the Indices make a Higher Low soon and re-test the Jan Highs. A Higher Low would convince most that the Selling is over.

Some of the Strongest Investments that held Above their Red Lines are  back up near the Highs. The Long Term Trend is UP.

The Inflation Index (CRB) was able to make New Highs this week at 203.92, and is now in a mild Up-Trend.

Bonds are bearish (Below the Green Line and Low Relative Strength) and Failed at the Green Line (250-day avg.) Support is at the February Lows.

The US DOLLAR made a Higher Low, and is now Above the Red Line (50-day avg.) but the trend is still down.

Crude Oil was up 1.50% for the week and made a New High at $69.55, and GOLD was down 0.71%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:    We are currently in 9 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 Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

The Funds below are currently out of favor and and recent news has cause more weakness. Some are having trouble with nice uptrends. But historically these could possibly Double or more from these lower levels. We are looking for a good Entry Point for these, but need the entire Economy  & Inflation to pick up speed:

We missed    SGMS    SCIENTIFIC GAMES this week when it broke the Down-Trend line.

DBC   COMMODITY FUND   Buy next time down in Daily Green Zone.
KOL    COAL FUND        Relative Strength is back Below 90.
REMX   RARE EARTH FUND    Volume is too Low. 
USO    US OIL FUND    Buy next time down in Daily Green Zone.

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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:    Greg writes  “I have been watching off and on for years your blog on stockcharts.com and I finally decided to join your AbovetheGreenLine service yesterday!  I would like an estimate of the normal/usual number of open positions so I know how to allocate my resources.

Thanks.”

ANSWER:   Hi Greg, and thank you for subscribing! Normally the number of Open Positions is 4-7.   Currently it is higher, as the Markets were very Over-Sold last month.

Good trading, and tell your friends!

Related Post

– Green Line Weekly Apr 15, 2018

 

04/15/2018:  Markets were up 1 1/2 to 3% for the week, as the Indices rallied up again to the Red Lines (50-day avgs.)    This is very normal for the Markets to trade between the Red Lines and Green Lines, until one of the Lines is broken.

Earnings are starting to come out, so maybe the Indices will break the Down Trend lines soon and re-test the Jan Highs. Maybe another pull-back once more to make a Higher Low, which would convince most that the Selling is over.

Some of the Strongest Investments that held Above their Red Lines are  back up near the Highs. The Long Term Trend is UP.

 

Bonds are bearish (Below the Green Line and Low Relative Strength) but have rallied way back up to the Green Line (250-day avg.)

The Inflation Index (CRB) is staying above the 196.36 Break Out level, and now has resistance at 201.19. The US DOLLAR failed again the Red Line, and is re-testing the recent Lows.

Crude Oil was up 8.6% for the week at $67.40 and GOLD was up 0.66%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:    We are currently in 12 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 Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

The Funds below are currently out of favor and and recent news has cause more weakness. Some are having trouble with nice uptrends. But historically these could possibly Double or more from these lower levels. We are looking for a good Entry Point for these, but need the entire Economy  & Inflation to pick up speed:

DBC   COMMODITY FUND   Relative Strength is back Below 90.
KOL    COAL FUND        Relative Strength is back Below 90.
REMX   RARE EARTH FUND    Relative Strength is back Below 90.

___________________________________________________________________________________________

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 higher, when the S&P 500 is down near the Green Line. The Strongest Investments could re-test their Highs from these Over-Sold levels.

 

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

 

Related Post

– Green Line Weekly Apr 8, 2018

 

04/08/2018:  Another rough week in the Markets!

Markets were down up over 1% for the week, as the Indices rallied up near the Red Lines (50-day avgs.) and then sold off.  This is very normal for the Markets to trade between the Red Lines and Green Lines, until one of the Lines is broken.

Since the S&P 500 Weekly Chart above is back down in the Green Zone and Tammy is SCARED, Markets should rally soon. This decline is Flushing out those who had to Buy on the Good News in January and in the Red Zone.

If the Markets can hold and bounce soon, we could see a “W” Pattern for the Indices to Bounce near the Green Lines and possibly re-test the Jan Highs.

Try to Buy Investments that are still Above the Red Lines. The Long Term Trend is UP.

 

Bonds are bearish (Below the Green Line and Low Relative Strength) but have rallied way back up to the Green Line (250-day avg.) on fear of Economic weakness.

The Inflation Index (CRB) is struggling to get back above the 196.36 Break Out level, which shows some weakness with Inflation. The US DOLLAR failed again the Red Line, and is re-testing the recent Lows.

Crude Oil was down 4.4% for the week at $62.10, and GOLD was up 0.66%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:    We are currently in 12 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 Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

The Funds below are currently out of favor and and recent news has cause more weakness. Some are having trouble with nice uptrends. But historically these could possibly Double or more from these lower levels. We are looking for a good Entry Point for these, but need the entire Economy  & Inflation to pick up speed:

DBC   COMMODITY FUND   Relative Strength is back Below 90.
KOL    COAL FUND        Relative Strength is back Below 90.
REMX   RARE EARTH FUND    Relative Strength is back Below 90.

___________________________________________________________________________________________

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 higher, when the S&P 500 is down near the Green Line. The Strongest Investments could re-test their Highs from these Over-Sold levels.

 

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

Related Post

– Green Line Weekly Apr 1, 2018

 

04/01/2018:  Markets were up over 2% for the week, as the Indices are trying to bounce near the February Lows. If the Markets can hold and bounce soon, we could see a “W” Pattern for the Indices to Bounce near the Green Lines and possibly re-test the Jan Highs.

The NASDAQ 100 Index and Techs are still below their Red Lines (50-day avgs.), so the first bounces will probably not be that good (resistance near the Red Lines). Try to Buy Investments that are still Above the Red Lines. The Long Term Trend is UP.

The Strongest Leaders are Holding Above their Red Lines.  The list of Large Caps that should bounce the best: MU INTC CSCO HPE NFLX M NTNX STX ADBE PGR GERN VIPS ADSK TPR NTAP EL RHT EW & AKAM. Many are so strong that they have not even returned to their Green Zones for Buy Signals.

 

Bonds are bearish (Below the Green Line and Low Relative Strength) but have rallied way back up to the Green Line (250-day avg.) on fear of Economic weakness.

The Inflation Index (CRB) is struggling to get back above the 196.36 Break Out level, which shows some weakness with Inflation. The US DOLLAR failed again the Red Line, and is re-testing the recent Lows.

Crude Oil was down 0.90% for the week at $65.00, and GOLD was down 1.70%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:    We are currently in 7 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!

______________________________________________________________________________________________

LONG TERM TRADES 

The Funds below are currently out of favor and and recent news has cause more weakness. Some are having trouble with nice uptrends. But historically these could possibly Double or more from these lower levels. We are looking for a good Entry Point for these, but need the entire Economy  & Inflation to pick up speed:

DBC   COMMODITY FUND   Relative Strength is back Below 90.
KOL    COAL FUND        Relative Strength is back Below 90.
REMX   RARE EARTH FUND    Relative Strength is back Below 90.
TWTR   TWITTER INC.   Broke Out Above $25.85. Buy on next Daily Buy Signal.

___________________________________________________________________________________________

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 higher, when the S&P 500 is down near the Green Line. The Strongest Investments could re-test their Highs from these Over-Sold levels.

 

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

 

QUESTION:   Rocky writes “Curious as to why the SCTR rankings (StockCharts Technical Rank) on the ETFs are not used when they are with stocks.

Also, why are the ETF.com > 90 ETF rankings better than the SCTR > 90 ETF rankings?

Thank you in advance for your response!”

ANSWER:   Hi Rocky.  The SCTR from StockCharts is convenient on each Chart, but is weighted heavily to the last 90 days of trading (too volatile).  We prefer the 1 year weightings on ETF Screen or IBD (Investors Business Daily), as the Relative Strength does not hop around as much.

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.

Good trading, and tell your friends!

 

Related Post

– Green Line Weekly Mar 25, 2018