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Archives for February 2018

February 15, 2018 by AbovetheGreenLine Leave a Comment

Money Wave Alert! Feb 15, 2018

TNX Chart
TNX Chart
Interest Rates on the 10 Year Note are staying up at 2.9%.

 

Markets are up again today as some of the Indices have rallied up above their Red Lines (50-day avgs.) If they could get through here they could go back up to the Highs soon.

Many Leaders are quickly back up in the Red Zones (probably too late to Buy for the Short Term) so we are raising some Cash below. The Markets could go back down again next week, and re-test last week’s Lows. 

Try to Buy Investments that recently made new Highs on pull-backs to the Green Zones. These usually will bounce the quickest.

Crude Oil  is up today at $61.40.

_____________________________________________________________________________________

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

 

BUYS TODAY    NONE TODAY

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Click on Watch List.

 

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    FXI    CHINA FUND    on the Close today, or have a tight Sell Stop Below it, as the Buy Signal was early.

EXIT    OSTK    OVERSTOCK.COM    on the Close today, or have a tight Sell Stop Below it to capture a 18% Gain.

EXIT    RSX    RUSSIA FUND    on the Close today, or have a tight Sell Stop Below it.

Most of the Sell Stop Losses have been moved up to the Buy Prices. (Don’t take a Loss).

 

Please Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops.

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

February 14, 2018 by AbovetheGreenLine Leave a Comment

Money Wave Alert! Feb 14, 2018

SPX Chart
SPX Chart
Possible “W” Pattern back down on S&P 500.

 

Markets are up today as the Indices rally up to their Red Lines (50-day avgs.) If they could get through here they could go back up to the Highs soon.

However, the Markets might go down once more in the next few days, and re-test last week’s Lows.  This could be a “W” Pattern (see chart above).

Try to Buy Investments that recently made new Highs. Usually these will bounce the quickest.

Crude Oil  is up today at $60.80.

_____________________________________________________________________________________

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

 

BUYS TODAY    OIL    CRUDE OIL FUND    Medium Term Buy today. Place Sell Stop Loss below Support of $6.27 on the Close.

 

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Click on Watch List.

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    X    US STEEL   on the Close today, or have a tight Sell Stop Below it to capture a 9% Gain.

 

 

Please Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops.

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

February 13, 2018 by AbovetheGreenLine Leave a Comment

Money Wave Alert! Feb 13, 2018

DIA Chart
DIA Chart
The DOW should be completing Wave 4 down soon.

 

Markets are mixed today after the DOW has bounced about 1300 points off of Friday’s Low. Markets could go down once more in the next few days, and it would be Bullish if the Markets can make a Higher Low than last Friday’s Low.

Try to Buy Investments that recently made new Highs. Usually these will bounce the quickest.

Crude Oil  is down today at $59.20.

_____________________________________________________________________________________

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

 

BUYS TODAY    NONE TODAY     

 

Money Wave Buys soon for:

OIL    CRUDE OIL FUND

 

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Click on Watch List.

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   NONE TODAY   

 

 

Please Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops.

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

February 12, 2018 by AbovetheGreenLine Leave a Comment

Money Wave Alert! Feb 12, 2018

SPX 60 Chart
SPX 60 Chart
S&P 500 could dip down once more.

 

Markets are bouncing again today after banging off  the Green Lines (250 day avgs,) on Friday.  Now most Indices are no longer over-bought, and are more Fairly Valued.

Markets could go down once more in the next few days, so be careful on Buying too late.

Try to Buy Investments that recently made new Highs, and Held ABOVE the Red Lines. Usually these will bounce the quickest.

Crude Oil  is down today at $59.35.

_____________________________________________________________________________________

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

 

BUYS TODAY     

EBAY    EBAY INC.    Money Wave Buy today. Place Sell Stop Loss Below Support of  $40.43 on the Close.

EWZ    BRAZIL FUND    Money Wave Buy today. Place Sell Stop Loss Below Support of  $41.84 on the Close.

PBR    PETROBRAS OIL    Money Wave Buy today. Place Sell Stop Loss Below Support of  $11.87 on the Close.

RSX    RUSSIA FUND    Money Wave Buy today. Place Sell Stop Loss Below Support of  $20.91 on the Close.

STX    STORAGE TECH    Money Wave Buy today. STX will not be logged as the Volume is Below Average and it is already up over 3% today.

WTI    W&T OFFSHORE INC.    Money Wave Buy today. WTI will not be logged as it is already up over 11% today.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Money Wave Buys soon for:

OIL    CRUDE OIL FUND

 

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Click on Watch List.

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   RIOT     RIOT BLOCKCHAIN   on the Close today if you bought it, or have a tight Sell Stop Loss Below it to lock in a 35% Gain.

 

Please Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops.

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

February 11, 2018 by AbovetheGreenLine Leave a Comment

Green Line Weekly Feb 11, 2018

Above50 Chart

Above50 Chart

Most Over-Sold Markets in 2 years! 

02/11/2018:  Markets were down another 5%  for the week, and the S&P 500 almost touched the Green Line on Friday. This is the first correction in 16 months. The major Indices did not bounce at the Red Lines (50-day avgs.) last week, so the re-test of January Highs will normally take longer.

However, Investments have reached the most over-sold level in 2 years, according to the Chart above. Only 18% of the S&P 500 index is still Above it’s Red Line (50-day avg.) The Leaders should have nice bounces from these over-sold levels soon. The Long Term Trend is UP.

Bonds fell as the yield on the Long Term Treasury rose to 3.14%. This rise in rates affects the Mortgage market.

The Inflation Index (CRB) fell this week, as the US DOLLAR bounced off New Lows.

Crude Oil was down 9.55% for the week at $59.20, and GOLD was down 1.62%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:    We are currently in 8 logged Open Positions, for the Short & Medium Term. There are 9 Investments on the Short Term Watch List, so be patient and WAIT for Green Zone Buys!

______________________________________________________________________________________________

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:

DBC   COMMODITY FUND   Relative Strength is back Below 90.
FCX   FREEPORT MCMORAN    Wait for the next Green Zone Buy on the Daily Chart.
GRPN   GROUPON INC.    Wait for Break Out above $5.99 on High Volume.
JJC     COPPER FUND       Wait for the next Green Zone Buy on the Daily Chart.
KOL    COAL FUND        Wait for the next Green Zone Buy on the Daily Chart.
REMX   RARE EARTH FUND   Wait for Green Zone Buy on the Daily Chart.
TWTR   TWITTER INC.   Broke Out Above $25.85. Wait for Daily Green Zone.
UGA   US GASOLINE FUND     Volume is too low… Break Out Above $33.07.
VALE   VALE DE RIO    Wait for the next Green Zone Buy on the Daily Chart.

___________________________________________________________________________________________

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 should re-test their Highs from these Over-Sold levels.

 

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

 

Filed Under: Weekly

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