Market-2

 

09/24/2017:  Markets were up slightly for the week, but most Funds are back up in the Red Zones, so Nimble traders should be raising Cash.  Most of the News has been GOOD, and Investors feel very confident. This is historically a “profit taking” recipe for the Short Term.

The Foreign Funds are slowly losing upward momentum, as the US Dollar is trying to bounce from over-sold levels.

The poor bounces of most Money Wave Buys recently indicates a very tired and over-bought Stock Market. A quick Oct dump to the Green Lines would be better for Short Term Trades.

Crude Oil was up 1.5% for the week, and GOLD was down 2%.

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MONEY WAVE BUYS SOON:    We are currently in 1 logged Open Positions, for the Short Term and 1 logged for Medium Term. There are 0 Investments on the Short Term Watch List, so be patient and WAIT!

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LONG TERM TRADES 

The Funds below are currently out of favor, 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:

BITA   BITA HOLDINGS   Wait for Green Zone on the Weekly Chart.
DBC   COMMODITY FUND   Waiting for Break Out Above $16.08.
JJC     COPPER FUND           Back in Red Zone, but Relative Strength finally got up to 90.
KOL    COAL FUND         Wait for Green Zone on Daily Chart.
LL   LUMBER LIQUIDATORS   Wait for Green Zone on Daily Chart.
REMX   RARE EARTH FUND   Wait for Green Zone on Daily Chart.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO     Break Out Above $11.39 on High Volume.

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

 

Alert! Market Risk is Medium (Red Zone). The probability of successful Short Term Trades is lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.

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

 

4 Ways to Get your Daily Money Wave Alert:

1. Emailed to your box between 3:30 3:50pm EDT.
2. Website menu Commentary/Buy/Sell Signals
3. Twitter notifications @AboveGreenLine
4. Text messages: Email us your Cell number & phone carrier.

Related Post

– Green Line Weekly Sep 17, 2107

 

09/17/2017:  Markets were up for the week, as the major Indices bounced up off their Red Lines (50-day avgs.) about 2 weeks ago.  Many Indices were able to make New Highs. so Money is not leaving the Markets.

Most Funds are back up in the Red Zones, so Nimble traders should be raising Cash. This is a frustrating Market, as the Trump Rally has not corrected much since November, but is clearly weakening internally. Currently with Interest Rates so low, Stocks do not have any competition, but historically that will change.

The Money Wave Buy Signals are the Strongest, High Volume investments available (based on Relative Strength), The poor bounces of most Money Wave Buys recently indicates a very tired and over-bought Market. A quick Sep -Oct dump to the Green Lines would be better for Short Term Trades.

The weak US Dollar and low Interest Rates could indicate that the HOPE in Stocks is emotionally over-done, and a slowing Economy.

Crude Oil was up 5.1% for the week, and GOLD was down $26.00.

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MONEY WAVE BUYS SOON:    We are currently in 1 logged Open Positions,  and there are 5 Investments on the Short Term Watch List.  

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LONG TERM TRADES 

The Funds below are currently out of favor, 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:

BITA   BITA HOLDINGS   Wait for Green Zone on the Weekly Chart.
DBC   COMMODITY FUND   Waiting for Break Out Above $16.08.
JJC     COPPER FUND           Back in Red Zone, but Relative Strength finally got up to 90.
KOL    COAL FUND         Wait for Green Zone on Daily Chart.
LL   LUMBER LIQUIDATORS   Wait for Green Zone on Daily Chart.
REMX   RARE EARTH FUND   Wait for Green Zone on Daily Chart.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO     Break Out Above $11.39 on High Volume.

___________________________________________________________________________________________

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

 

Alert! Market Risk is Medium (Red Zone). The probability of successful Short Term Trades is lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.

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

 

4 Ways to Get your Daily Money Wave Alert:

1. Emailed to your box between 3:30 3:50pm EDT.
2. Website menu Commentary/Buy/Sell Signals
3. Twitter notifications @AboveGreenLine
4. Text messages: Email us your Cell number & phone carrier.

Related Post

– Green Line Weekly Sep 10, 2017

 

09/10/2017:  Markets were down slightly for the week, on mild selling. The major Indices are still re-testing the early August Highs. Most Funds were in the Red Zones, but some are quickly returning to their Green Zones for Money Wave Buys soon. AAPL is in the Green Zone before the iPhone 8 preview on Sep 12th, but the Relative Strength is back Below 90.

The US Dollar has been dumping (see Chart above), which can be good for the TECH and BioTech Indices which were able to make new Highs this week. But the weak Dollar and strong Bonds could indicate a slowing Economy.

We added a new Rare Earth Fund (REMX) to the Long Term Watch List. The stronger Commodities like Copper and Coal also made New Highs. We are waiting to see how they hold up if the Dollar has a bounce up towards the Green Line.

Crude Oil was up slightly for the week, and GOLD was up $21.00.

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MONEY WAVE BUYS SOON:    We are currently in 1 logged Open Positions,  and there are 4 Investments on the Short Term Watch List.  

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LONG TERM TRADES 

The Funds below are currently out of favor, 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:

BITA   BITA HOLDINGS   Wait for Green Zone on the Weekly Chart.
DBC   COMMODITY FUND   Waiting for Break Out Above $16.08.
JJC     COPPER FUND           Back in Red Zone, but Relative Strength finally got up to 90.
KOL    COAL FUND         Wait for Green Zone on Daily Chart.
LL   LUMBER LIQUIDATORS   Wait for Green Zone on Daily Chart.
REMX   RARE EARTH FUND   Wait for Green Zone on Daily Chart.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO     Break Out Above $11.39 on High Volume.

___________________________________________________________________________________________

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 lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.

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

 

QUESTION: Carla writes “Hi Green Line. I did not get my Daily email. Can you help?
Thank you”

ANSWER: Sometimes the emails will go into your Spam Folder. Please check there first.
There are 3 other places to view the Daily Email: 

1. Website menu Commentary/Buy/Sell Signals
2. Twitter notifications @AboveGreenLine
3. Text messages: Email us your Cell number & phone carrier.

Related Post

– Green Line Weekly, Sep 3, 2017

 

09/03/2017:  Markets were up again this week, as the major Indices are re-testing the early August Highs. Since the Trump Election in November, the Market Indices have been able to continuously make Higher Highs. Eventually the Indices will not be able to make Higher Highs, as Buyers run out of Money. Then you will normally see a “Double Top” or possible “M” pattern, and nimble investors will EXIT, and attempt to Buy again lower (maybe down near the Green Line like the Small Caps went down to two weeks ago).

Green Line bounces can be good, as the Small Caps bounced 2.66% this week, compared to 1.34% bounce on the S&P 500 Index. The TECH and BioTech Indices were able to make new Highs this week, but only 1  (Apple) of the 5 FAANG Stocks have made new Highs recently (internal weakness). Failure of the major Indices to make New Highs soon could cause them to have a bigger correction, where they could slip below the Red Lines (50-day avgs.)

The stronger Commodities like Copper and Coal also made New Highs, but the Volume has not been good, and they are Way Above the Green Line.

Crude Oil was down for the week, and the US Dollar had a small bounce off New Lows.

 

MONEY WAVE BUYS SOON:    We are currently in 1 logged Open Positions,  and there is 1 Investment on the Short Term Watch List.  

 

LONG TERM TRADES 

The Funds below are currently out of favor, but historically 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:

BITA   BITA HOLDINGS   Wait for Green Zone on the Weekly Chart.
DBC   COMMODITY FUND   Waiting for Break Out Above $16.08.
JJC     COPPER FUND           Back in Red Zone, but Relative Strength finally got up to 90.
KOL    COAL FUND         Wait for Green Zone on Daily Chart.
LL   LUMBER LIQUIDATORS   Wait for Green Zone on Daily Chart.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO     Break Out Above $11.39 on High Volume.

 

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 lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.

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Our friend Suzie has created  THE ULTIMATE GUIDE TO PET ADOPTION

 

QUESTION:  Doug writes: “I am considering your service and am curious as to the difference in  RSf numbers and RS ranking from investors.com.  Is it a weighting difference in the near term quarter or something else altogether?”

ANSWER: Hi Doug, we prefer to use Relative Strength from IBD (Investor’s Business Daily) or www.etfscreen.com, as they use more of a weighted 1 year RS.

SCTR (StockCharts Technical Rank) is more convenient, but is weighted too fast to the last 90 days of trading…

Good trading, and tell your friends!

Related Post

– Green Line Weekly Aug 26, 2017

 

08/26/2017:  Markets were up this week, after 2 weeks of selling finally dried up. The Small Caps corrected down near the Green Line and became very over-sold, but the Strongest DOW and TECH Indices have not corrected enough yet for decent advances. Failure of these 2 Indices to make New Highs soon could cause them to have a bigger correction, where they could slip below the Red Lines (50-day avgs.)

The stronger Commodities like Copper and Coal are firming up with the weak US Dollar.

Crude Oil was up for the week, and the US Dollar is back down on the New Lows.

 

MONEY WAVE BUYS SOON:    We are currently in 2 logged Open Positions,  and there are 2 Investments on the Short Term Watch List.  

Check out the new format of the Watch List,  Portfolio  & Closed Positions… Now with 2 Charts on many Investments.

 

LONG TERM TRADES 

The Funds below are currently out of favor, but historically 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 bought   IPI    INTREPID POTASH  this week for the Long Term Portfolio… Target is $10.

BITA   BITA HOLDINGS   Wait for Green Zone on Daily Chart.
DBC   COMMODITY FUND   Waiting for Break Out Above $16.08.
JJC     COPPER FUND           Back in Red Zone, but Relative Strength finally got up to 90.
KOL    COAL FUND         Wait for Green Zone on Daily Chart.
LL   LUMBER LIQUIDATORS   Wait for Green Zone on Daily Chart.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO     Break Out Above $11.39 on High Volume.

 

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 lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.

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Tell your Friend about us, and HELP ANIMALS.

QUESTION: Gian writes “Hi, I have some problem in defining the position for a trade like IPI. Suppose I have $50K and as you suggest I split in five positions. That means I have 10K to invest in IPI and I should buy 10.000 / 3,32 = 3,012 shares.

Suppose that the trade goes wrong and I take the full loss at the stop. That means that I will have a loss of (2,41-3,32) x 3.012 = – $2.770 or 6% of the initial portfolio. Does it make sense?
Thanks, Gian.”

ANSWER: That is a great question Gian. Yes a Long Term Investment needs plenty of slack to fluctuate when coming off the bottom…

If IPI does not go broke, it could possibly return to 50 or 100 % of the previous High of $40.22… That means somebody paid $121,143 for the 3012 shares that you are considering buying for $10,000.

You might not want to risk a 28% loss to the Green Line on $10,000. Another way to look at it is Reward / Risk. It is possible that IPI could return to $20 or higher over several years (or $16.68 gain).

It could also go down and you could lose $0.92 if it Closed below the Green Line. So your possible Reward / Risk could be $16.68 / $0.92 or 18 : 1 !!! Not many Investments offer that potential, ever…

You might want to Buy less than $10,000 IPI, if you don’t want the downside potential, but then you could miss a HOME RUN.
IPI Chart

Related Post

– Green Line Weekly Aug 20, 2017