Market-2

 

08/20/2017:  Markets were down again this week. The Money Wave Pops were poor, indicating that not many Buyers were left with the Markets near Highs. Now the Small Caps have corrected down near the Green Line, for a probably bounce soon. 

The Strongest Indices are the DOW and the TECH Indices, which are coming back down into their Green Zones.

When Money Wave Buy Signals occur soon, try to Buy the Leaders that recently made New Highs, and are also still Above the Red Lines (50-day avgs.) They tend to bounce the best.

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

 

MONEY WAVE BUYS SOON:    We are currently in 0 logged Open Positions,  and there are 5 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:

DBC   COMMODITY FUND   Waiting for Break Out Above $16.08.
IPI    INTREPID POTASH    Wait for Green Zone on Daily Chart.
JJC     COPPER FUND           Back in Red Zone, and Relative Strength finally got up to 90.
KOL    COAL FUND         Waiting for > 90 Relative Strength.
LL   LUMBER LIQUIDATORS   Wait for Green Zone on Daily Chart.
MDR    MCDERMOTT INT’L.  Waiting for > 90 Relative Strength.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO       Waiting for > 90 Relative Strength.

 

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.

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– Green Line Weekly Aug 13, 2017

 

08/13/2017:  Markets were down over 1% this week, as the DOW was  2000 points Above the Green Line, and Smart Money finally took some profits. Dumb Money had been Buying on the better than expected Earnings (SELL ON GREAT NEWS), and now they have lost confidence, and some are Selling on Bad News (War talk).

Smart Money looks for Bad News to create opportunities (BUY ON BAD NEWS). Many of the Strongest Leaders that just made fresh New Highs recently, are coming back down into their Green Zones.

When Money Wave Buy Signals occur soon, try to Buy the Leaders that recently made New Highs, and are also still Above the Red Lines (50-day avgs.) They tend to bounce the best.

Crude Oil was mixed 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 Position,  and there are 11 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:

DBC   COMMODITY FUND   Waiting for Break Out Above $16.08.
IPI    INTREPID POTASH    Wait for Green Zone on Daily Chart.
JJC     COPPER FUND           Back in Red Zone, and Relative Strength finally got up to 90.
KOL    COAL FUND         Waiting for > 90 Relative Strength.
LL   LUMBER LIQUIDATORS   Wait for Green Zone on Daily Chart.
MDR    MCDERMOTT INT’L.  Waiting for > 90 Relative Strength.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO       Waiting for > 90 Relative Strength.

 

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: Paul writes “I have noticed that you have hourly charts with different guidelines.

Is this tipical for just a day trade or can it last several days?”
Thanks,  Paul

ANSWER: Hi Paul! Most use the 60-min Charts to get in early, if it looks like the Daily Chart will have a Money Wave Buy Signal on the Close that day.

Related Post

– Green Line Weekly Aug 6, 2017

 

08/6/2017:  Markets were mixed this week, as the S&P 500 & NYSE rose slightly, but the NASDAQ 100 and Small Caps were down. Investors have been Buying on better than expected Earnings, but most of the news is out.

Most Indices are near new Highs, but the Market breadth is narrowing (not many individual stocks are making Highs). Most Leaders are not correcting much yet, so many Money Wave Pops are disappointing… That should change soon. Short Term Traders should be raising Cash.

Crude Oil was mixed for the week, and the US Dollar might be ready for a bounce off New Lows.

 

MONEY WAVE BUYS SOON:    We are currently in 2 logged Open Positions,  and there are 6 Investments on the Short Term Watch List.  

 

LONG TERM TRADES –  IPI    INTREPID POTASH  &  LL   LUMBER LIQUIDATORS  both “Gapped Up” more than 25% this week on Earnings, and we are not in them yet! Wait to Buy them when the Daily Charts cycle back down into the Green Zones. We will email you.

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 to pick up speed:

DBC   COMMODITY FUND   Waiting for Break Out Above $16.08.
IPI    INTREPID POTASH    Wait for Green Zone on Daily Chart.
JJC     COPPER FUND           Waiting for > 90 Relative Strength.
KOL    COAL FUND         Waiting for > 90 Relative Strength.
LL   LUMBER LIQUIDATORS   Wait for Green Zone on Daily Chart.
MDR    MCDERMOTT INT’L.  Waiting for > 90 Relative Strength.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO       Waiting for > 90 Relative Strength.

 

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

 

Alert! Market Risk is High (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 Friend about us, and HELP ANIMALS.

 

QUESTION:  Donna writes “When Did Not Log shows in your chart list, that means you did not buy. Is that correct?”

ANSWER:  “Did Not Log” means that the Odds of a good trade are low (below the 2:1 Reward / Risk odds we want). So we suggest not doing those trades, or being very nimble.

Some members want to see every mechanical Money Wave Buy Signal.  Some Signals may have low probability (maybe already popped 5% that day, or are still near the Highs).

Good trading, and tell your friends!

Related Post

– Green Line Weekly Jul 30,2017

 

07/30/2017:  Markets were mixed this week, as the Indices are back up at Resistance after the 2 week Earnings Rally. Investors have been Buying on better than expected Earnings, but most of the news is out.

Most Indices are making new Highs, but not many individual stocks are. Most Leaders are in the Red Zones, and few are in the Green Zones, so WAIT. Short Term Traders should be raising Cash.

Only 2 of the 5 FAANG Stocks were able to hold up near their Highs (FaceBook & NetFlix). Amazon, Apple & Google sold off.   

Crude Oil was up 8.6% this week, and the US Dollar made New Lows.

 

MONEY WAVE BUYS SOON:    We are currently in 0 logged Open Positions,  and there are 3 Investments 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 to pick up speed:

DBC   COMMODITY FUND   Waiting for Break Out Above $16.08.
DDD   3D SYSTEMS CORP.   Waiting Bounce off  Green Line.
IPI    INTREPID POTASH    Waiting for Weekly Close Above $3.04.
JJC     COPPER FUND           Waiting for > 90 Relative Strength.
KOL    COAL FUND         Waiting for > 90 Relative Strength.
LL   LUMBER LIQUIDATORS    Buy Above $26.22 on Close.
MDR    MCDERMOTT INT’L.  Waiting for > 90 Relative Strength.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO       Waiting for > 90 Relative Strength.

 

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

 

Alert! Market Risk is High (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 Friend about us, and HELP ANIMALS.

 

QUESTION:  Esteban writes “Hello folks. Any new watchlist today?”

ANSWER:  You will begin receiving Market emails around 3:30 – 3:45pm EDT each day.

Please follow the Watch List on the emails during the day for Updates… Also Portfolio. for the Open Positions.

Good trading, and tell your friends!

Related Post

– Weekly Commentary Jul 23, 2017

 

07/23/2017:  Markets were able to make new Highs this week, after bouncing off the Red Lines (50-day avg.) in early July. Most Indices are making new Highs, but not many individual stocks are. Most Leaders are in the Red Zones, so Short Term Traders should be raising Cash.

The TECH Stocks were able to make New Highs without AAPL and GOOGL. 

Long Term Interest Rates dropped down this week, and the US Dollar made New Lows.

 

MONEY WAVE BUYS SOON:    We are currently in 1 logged Open Position,  and  there are 3 Investments are 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 to pick up speed:

DBC   COMMODITY FUND   Waiting for Break Out Above $16.08.
DDD   3D SYSTEMS CORP.   Waiting for Green Zone Pull-back.
IPI    INTREPID POTASH    Waiting for Break Out Above $3.04.
JJC     COPPER FUND           Waiting for > 90 Relative Strength.
KOL    COAL FUND         Waiting for > 90 Relative Strength.
LL   LUMBER LIQUIDATORS    Buy Above $26.22 on Close.
MDR    MCDERMOTT INT’L.  Waiting for > 90 Relative Strength.
UGA   US GASOLINE FUND   Waiting on Break Out Above $32.03.
VALE   VALE DE RIO       Waiting for > 90 Relative Strength.

 

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

 

Alert! Market Risk is High (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 Friend about us, and HELP ANIMALS.

QUESTION: Walter writes “What is the Spread Indicator?”

ANSWER:   Hi Walter, the Spread Indicator is just a visual, and is a Chart of –SPY on top of SPY.

As long as the Black Lines are narrowing, the Bull is well.

When the Black Lines widen outside the Blue Trend Lines, you should EXIT the S&P 500.

Related Post

– Weekly Commentary Jul 16, 2017