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Archives for July 2017

July 7, 2017 by AbovetheGreenLine 2 Comments

Money Wave Alert! Jul 7, 2017

NYA Chart
NYA Chart
NYSE is Bouncing at the Red Line.

 

Markets “Gapped Up” today, as buyers came in with the S&P 500 down on the Red Line (50-day avg.)  Now it must make New Highs soon for the rally to continue.  

The Tech Stocks are bouncing out of the Green Zone.

Bonds have dumped for the last 2 weeks, but are now over-sold on the Short-Term. 

 

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

BUYS TODAY:   

EXTR   EXTREME NETWORKS   Money Wave Buy today. We will not log EXTR, as the Volume is low today.

 

Money Wave Buys soon for:   BLUE   BLUEBIRD BIO,   EWY   SOUTH KOREA FUND,   MLCO   MELCO RESORTS,   ORCL   ORACLE CORP.  &   TCEHY   TEN CENT HOLDINGS.

We will email you when they are ready. Click on WatchList

Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).

 

SELLS TODAY:  

We LOWERED the Sell Stop Loss on  OMER   OMEROS CORP. to $18.63, as the Money Wave is back in the Green Zone, and the Relative Strength is still 98.

EXIT   AAOI    APPLIED OPTO  for a 9% Gain in a week, or have a tight Sell Stop Loss below it.

 

Click for  PORTFOLIO  (Open Positions)

Click for  CLOSED POSITIONS

Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).

Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 %  move in a few days. We will not log trades if the Reward/Risk is not at least 2:1.

HAVE A NICE WEEKEND!

Filed Under: IntraDay

July 6, 2017 by AbovetheGreenLine Leave a Comment

Money Wave Alert! Jul 6, 2017

SPX Chart
SPX Chart
S&P 500 is Back on the Red Line!

 

Markets are down today, and the S&P 500 is back down on the Red Line (50-day avg.) and must make New Highs soon for the rally to continue.  

The Tech Stocks are trying to hold in the Green Zone.

Bonds have dumped for the last 2 weeks, but are now over-sold on the Short-Term. 

 

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

BUYS TODAY:   

JD   JD.COM INC.   Possible Money Wave Buy today, if Indicator Closes > 20. Place Sell Stop Below $38.51 on the Close.

NVDA   NVIDIA CORP.  This is an additional Money Wave Buy today. Place Sell Stop Below $138.58 on the Close.

 

Still a large Watch List list for Money Wave Buys this week.

We will email you when they are ready. Click on WatchList

Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).

 

SELLS TODAY:  

EXIT   EWW   MEXICO FUND if it Closes Below the Pink Line of $53.77.

 

Click for  PORTFOLIO  (Open Positions)

Click for  CLOSED POSITIONS

Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).

Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 %  move in a few days. We will not log trades if the Reward/Risk is not at least 2:1.

Filed Under: IntraDay

July 5, 2017 by AbovetheGreenLine Leave a Comment

Money Wave Alert! Jul 5, 2017

QQQ Index
QQQ Index
NASDAQ 100 is trying to Firm Up!

 

Markets are mixed today, but the Techs are trying to firm up at the late June Support.

The DOW Index holding up the best. 

S&P 500 has bounced at the Red Line (50-day avg.) and must make New Highs soon for the rally to continue.  

 

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

BUYS TODAY:   

ATVI   ACTIVISION   Money Wave Buy today. Place Sell Stop Below $55.86 on the Close.

EDU   NEW ORIENT ED.   Money Wave Buy today. We will not log, as EDU has poor Volume today

OMER   OMEROS CORP.   Money Wave Buy today. We will not log, as OMER has poor Volume today.

SQ   SQUARE INC.   Money Wave Buy today. We will not log, as SQ is already up more than 4% today.

 

Today has a large Watch List listed above for Money Wave Buys this week.

Money Wave Buy Signals soon:  We will email you when they are ready. Click on WatchList

Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).

 

SELLS TODAY:  

EXIT   CENX   CENTURY ALUMINUM on the Close today, or have a tight Sell Stop Loss Below it.

 

Click for  PORTFOLIO  (Open Positions)

Click for  CLOSED POSITIONS

Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).

Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 %  move in a few days. We will not log trades if the Reward/Risk is not at least 2:1.

Filed Under: Weekly

July 3, 2017 by AbovetheGreenLine 2 Comments

Money Wave Alert! Jun 3, 2017

Watch
Watch
Large Watch List Today!

 

Markets CLOSE at 1:00pm EDT today!

Markets popped up today, but the Techs are still weak, and trying to hold above the June Lows.

The DOW Index holding up the best. 

S&P 500 has bounced at the Red Line (50-day avg.) and must make New Highs soon for the rally to continue.  

 

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

BUYS TODAY:   

BA   BOEING CORP   Money Wave Buy today. We will not log, as BA is Way Above the Green Line.

 

Today has a large Watch List listed above for Money Wave Buys next week.

Money Wave Buy Signals soon:  We will email you when they are ready. Click on WatchList

Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).

 

SELLS TODAY:  

LOWER SELL STOP LOSS again on NVDA   NVIDIA CORP to $137.62, as Relative Strength is still 98, and it is still above the Red Line.

EXIT SMH SEMICONDUCTOR FUND if it is going to Close Support of $81.18.

 

Click for  PORTFOLIO  (Open Positions)

Click for  CLOSED POSITIONS

Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).

Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 %  move in a few days. We will not log trades if the Reward/Risk is not at least 2:1.

Filed Under: IntraDay

July 2, 2017 by AbovetheGreenLine 2 Comments

Weekly Commentary Jul 2, 2017

QQQ Chart
QQQ Chart
Techs must Bounce this Week!

 

Monday July 3, 2017 is a Early Close Market Day: 1:00 pm EDT.

07/02/2017:  Markets were mixed for the week, but the TECH Stocks went back down to the Support of the Red Lines (50-day avgs). Many Investments are back down in the Green Zones (probably too late to Sell for the Short Term). 

Long Term Interest Rates and Commodity  prices turned up this week, as Crude Oil rallied 7%. The Commodity Funds still do not have high enough Relative Strength to add positions back into the Long Term Portfolio. (See Long Term Trades below).

 

MONEY WAVE BUYS SOON:    We are currently in 3 logged Open Positions,  There are 10 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:

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    Waiting on a Green Zone Pull-back.
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: Toby writes “just wondered if stops on NVDA and EA are hard stops or after the close?”

ANSWER:  Thanks for writing!

Buys & Sells are normally based on CLOSING Prices (Closing Below Swing Low or Below Buy Price, or Below Pink Line).

If it looks like a Sell will be bought right back in the next day or so, sometimes we will LOWER the SELL STOP LOSS
(By text or email notification 15-30 minutes before the Market Close).

You should also follow the Portfolio List for current updates during the Day. This link is on each email, and on the Main Menu of the Web site under Portfolio.

 

Filed Under: Weekly

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