Market-2

 

01/28/2017:  The Markets were up about 1% for the week, after burping up out of the 6 week sideways action. Only about 1/3 of the Leaders are making New Highs this time, so expect a pull-back soon.

Profits were captured this week in McDermott Int’l. MDR and the Russia Fund RSX. Most of the other Positions are in the Red Zones. This means that Short Term Traders should have tight Sell Stops and be raising Cash, so they can Buy after the next pull-back. Most HOPEFUL Investors are now IN the Markets and they FEEL GOOD!  But Wise Investors TAKE PROFITS when the HERD FEELS GOOD.   

Possible HOME RUN this year: Uranium Fund (URA). Investors ask “Why should I get involved in uranium?” As Technical Analysts, we don’t really care WHY THINGS HAPPEN… We study how others are spending their money after they have studied the investment. If the Volume picks up, and the Investment begins to make New Highs we get excited! Maybe more Power Plants or submarines under Trump? The Uranium Fund ($17.67) is currently Way Above the Green Line $13.48), so we will NOT BUY NOW, but wait for a pull-back to the BreakOut area around $14.67. A trade could be from $15 to $50 in a few years, as the 2011 High was $131!

 

MONEY WAVE BUYS SOON:    There are currently 11 Open Positions.

ON DECK to Buy soon:   NBR   Wait for GREEN ZONE BUYS.  We will email or text when they are ready.

 

LONG TERM TRADES – We are looking for a good Entry Point for these, which could possible Double:

UGA   US GASOLINE FUND   The Daily UGA Chart is in the Green Zone for a Buy Signal soon.

CDE    COEUR MINING     Weekly Red Zone. Waiting on a Pull-back.

JJC     COPPER FUND       Weekly Red Zone. Waiting on a Pull-back.

MDR    MCDERMOTT INT’L.  Waiting for a Pull-back

OIH    OIL SERVICE FUND      Slowly pulling back.

 

Please view the WATCH LIST  for pending Money Wave Buys.
Wait for Money Wave Buy Signals.  We will email you when they are ready.  

Click for  Open Positions   

Click for  Closed Positions

Alert! Market Risk 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: Dan W writes “I don’t always get my text before the Market Closes… Can you help?”

ANSWER:  Sorry for the problem Dan. Last week Verizon had many texts that did not go thru. We suggest that ALL JOIN TWITTER, @AboveGreenLine, as it is the fastest and most reliable for texts. Simply Follow Us and click on the wheel to “Turn on Mobile Notifications”. Please email for help.

QUESTION: Lynn M writes “could you explain why some positions are highlighted in yellow on your open positions page?”

ANSWER: When the Money Wave Indicator on the bottom of the Chart > 50, you should raise your Sell Stop to where you bought it: (Don’t Take a Loss)… That is indicated by Yellow.  If Investment is not Popping by 50 on the Money Wave, the trade might be too early, so be prepared to EXIT.

See Rules 

 

 

Related Post

– Weekly Commentary Jan 22, 2017

 

01/22/2017:  The Markets were down slightly this week, extending the sideways action for  the 6th week. Most of the Trump Rally gains happened the first 3 weeks after the Election Nov. 8th. Good trades happen when Markets become Over-Sold, like on November 7th. Expecting large trading profits now, without a decent pull-back is not realistic.

Recent Money Wave Buys have been triggered, and many are getting Stopped Out quickly. The bounces are poor from lack of Buyers. Most HOPEFUL Investors are now IN the Markets and they FEEL GOOD!  But Wise Investors TAKE PROFITS when the HERD FEELS GOOD.   

Just control your EMOTIONS, and WAIT FOR IT. Train yourself to BUY BAD, SELL GOOD!    

MONEY WAVE BUYS SOON:    There are currently 11 Open Positions.

ON DECK to Buy soon: GS   PIR  & RSX   Wait for GREEN ZONE BUYS.  We will email or text when they are ready.

 

LONG TERM TRADES – We are looking for a good Entry Point for these, which could Double:

UGA  US GASOLINE FUND   The Daily UGA Chart is in the Green Zone for a Buy Signal soon.

CDE    COEUR MINING

MDR    MCDERMOTT INT’L.

Please view the WATCH LIST  for pending Money Wave Buys.
Wait for Money Wave Buy Signals.  We will email you when they are ready.  

Click for  Open Positions   

Click for  Closed Positions

Alert! Market Risk 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: Don writes” To have a Money Wave Buy, do the moving averages need to be aligned? Does the 50 need to be above the 200, and the 10 above the 50?”

ANSWER:  Please read and follow the Green Line RULES for best results…

1. Investment must be Above the Green Line (250-day moving average).
2. Investment must have Above 90 Relative Strength.
3. Money Wave Buy (Money Wave Indicator Closing > 20 and OUT of Green Zone.)

Thank you for your question.

Related Post

– Weekly Commentary Jan 15, 2017

 

01/15/2017:  The stock market is closed in observance of Martin Luther King, Jr. Day on Monday Jan 16th. 

The Markets continued sideways for the 5th week,  after the surge from the Trump Rally that began after the Election Nov. 8th. 

While the Media spends every day gabbing about DOW 20,000, most of you probably don’t realize that other than Financials and Semiconductors, the Strongest Funds are Steel, Coal, Uranium, Metals, Russia, Gasoline & Copper. None of the Major Indices are Leaders, and all have Below 90 Relative Strength.

Is it possible that INFLATION is Coming? Will your 401K Plan do well with INFLATION?

 

MONEY WAVE BUYS SOON:

ON DECK to Buy soon: PIR  WNR  & X   Wait for GREEN ZONE BUYS.  We will email or text when they are ready.

Now the Leading Funds are back up in the Red Zones again (probably too late to Buy for the Short Term)… Now you must BE PATIENT, and WAIT for Green Zone Buy Signals.

Recent Money Wave Buys have been triggered, and many are getting quickly Stopped Out. The bounces were poor from lack of Buyers. Most HOPEFUL Investors are now IN the Markets and they FEEL GOOD!  But Wise Investors TAKE PROFITS when the HERD FEELS GOOD.   

Just control your EMOTIONS, and WAIT FOR IT. Train yourself to BUY BAD, SELL GOOD!    
 

LONG TERM TRADES – We are looking for a good Entry Point for these, which could Double:

UGA  US GASOLINE FUND

CDE    COEUR MINING

MDR    MCDERMOTT INT’L.

Please view the WATCH LIST  for pending Money Wave Buys.
Wait for Money Wave Buy Signals.  We will email you when they are ready.  

Click for  Open Positions   

Click for  Closed Positions

 

Alert! Market Risk 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:  Paule writes “I looked at your VIX indicator (XIV;VXX) in your Jan 13 comment,

Could you explain it? What does it tell you that the Vix does not? Thanks”.

ANSWER:   The XIV:VXX Chart has gone PARABOLIC which is PANIC BUYING and is not sustainable. Also the Indicator is Way Above the Green Line, and we know how that ends… The Herd is Convinced that Trumpism will take the Markets much Higher, and has PANIC BOUGHT! This is how many LOSE MONEY, because they don’t know WHERE THE GREEN LINE IS.

A trained monkey can learn to Buy in Green Circles, and Sell in Red Circles, but Humans have EMOTIONS which FAIL them most of the time.

Related Post

– Weekly Commentary Jan 8, 2017

Gasoline Fund could be Bottoming for a Double! 

01/08/2017:  Well, the Markets were holding up well after the big Trump Rally, and many Leading Funds returned down to the Green Zones. This would normally mean that a strong bounce would occur. However, most Leaders have bounced, but are still below the previous highs, while the major Indices are on Highs. This is not preferred!

Now the Leading Funds are back up in the Red Zones again (probably too late to Buy for the Short Term)… Now you must BE PATIENT, and WAIT for Green Zone Buy Signals.

Recent Money Wave Buys: Many Buy Signals were triggered this week, and some quickly Stopped Out, as the bounces were poor from lack of Buyers. Most HOPEFUL Investors are now IN the Markets and they FEEL GOOD!  But Wise Investors TAKE PROFITS when the HERD FEELS GOOD.   

There will be some BAD NEWS created, to DUMP the Markets down to the Red Lines (50-day avgs.) or Green Lines (250 day avgs.) Just control your EMOTIONS, and WAIT FOR IT. Train yourself to BUY BAD, SELL GOOD!    
 

LONG TERM TRADES – We are looking for a good Entry Point for these, which could Double:

UGA  US GASOLINE FUND

CDE    COEUR MINING

MDR    MCDERMOTT INT’L.

Please view the WATCH LIST  for pending Money Wave Buys.
Wait for Money Wave Buy Signals.  We will email you when they are ready.  

Click for  Open Positions   

Click for  Closed Positions

Alert! Market Risk 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: I long in AMD but considering taking profits before Jan 1 due to your analysis that everything is WAY above the Green Line. If I understand correctly, you’re saying there could be a big January sell off (return to Green Line) across the entire market?

ANSWER:  We know from history that all Investments will eventually return to the Green Line…Way Above the Green Line is excess emotional buying and GREED.Way Below the Green Line is panic Selling and FEAR.

Normally a strong stock like AMD will tell you when to sell, when it gets Way Above the Green Line, and FAILS to make a Higher High. Then it should correct down near the Red Line, and set up for another re-test of the Highs… AMD should be a good trade back up, when it comes down near the Red Line… Then if it Fails at the previous High or “Double Tops”, it could go down to the Green Line.

 

Related Post

– Money Wave Alert! Jan 3, 2017

 

The Markets “Gapped Up” today, as many Investments were becoming Over-Sold for the Short Term. Many Indices are in the Green Zone, but this morning’s pop is not holding well.  Markets might go down once more.

The Strongest Leaders are coming back down into the Green Zones for a bounce soon. Only Buy Investments that made fresh New Highs. The Reward / Risk  ratio of investing now is poor, so please do not Buy then unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.

We are waiting for the S&P 500 to correct back down near the Red Line (50-day avg.) to set up for a good bounce.

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Money Wave Buys soon!  
The Following Investments will probably have a Money Wave Buy Signal 
(Slow Stochastic Closing > 20) on today’s Close.

Many Money Wave Buys setting up for next week (See Chart Above).

OIH     OIL SERVICE FUND    Money Wave Buy today.

AKS     AK STEEL                     We will not log, as it is still Way Above the Green Line.

IWM    SMALL CAP FUND     We will not log, as it is still Way Above the Green Line.

XLF     FINANCIAL FUND      We will not log, as it is still Way Above the Green Line.

SELLS

Exit CLF if it is going to Close below $8.41.

EXIT NBR  if it is going to Close below the Pink Line of $16.40.

 
ON DECK:  See List Above.  We will email or text when they are ready.

Click for  WATCH LIST   

Click for  OPEN POSITIONS

Many like to buy the day before, if the Investment has not popped up too much.
Money Wave Buys are usually good for a 3-6 %  move in a few days.

About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.

Related Post

– Weekly Commentary Jan 2, 2017