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Archives for July 2018

July 25, 2018 by AbovetheGreenLine Leave a Comment

Money Wave Alert! Jul 25, 2018

FB Chart
FB Chart
FaceBook Earnings are out tonite after the Close.

 

Markets  were up again today as the S&P 500 bounced off the Pink Line (10-day avg.) of 2809  to avoid a Short Term Sell Signal. Earnings are coming out and 2 more FAANG Stocks report this week (FaceBook tonite & Amazon tomorrow). Many Traders don’t want to Sell before those “Darlings” report.

The NASDAQ 100 INDEX is on Highs, mainly from the FAANG Stocks with an average P/E Ratio of 101.

Most recent Money Wave Buys are NOT POPPING well, indicating an Over-Bought Market. Money Wave Pops are better when the entire Markets pull-back down into the Green Zones.

Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals. 

Crude Oil  was up today at  $69.30. 

_____________________________________________________________________________________

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

 

BUYS TODAY    

SRPT    SEREPTA THERA.    Money Wave Buy today.   SRPT will not be logged, as the Volume is below Average.

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

 

Money Wave Buys soon for:  

ECYT    ENDOCYTE, INC.

FOXA    21st CENTURY FOX   This would be a 2nd Buy at a lower price.

LULU    LULULEMON ATHLETICA

UAA    UNDER ARMOUR

 

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

July 24, 2018 by AbovetheGreenLine Leave a Comment

Money Wave Alert! Jul 24, 2018

XBI Chart
XBI Chart
The BioTechs sold off today without making a New High.

 

Markets “Gapped Up” this morning on great Google Earnings, but the Small Caps and BioTechs later had some heavy Selling.

The S&P 500 is near the Pink Line of 2802. Closing below the Pink Line could create a Short Term Sell Signal.

Most recent Money Wave Buys are NOT POPPING well, indicating a Tired Market.

Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals. 

Crude Oil  was up today at  $68.50. 

_____________________________________________________________________________________

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:  

I    INTELSAT GLOBAL    Money Wave must Close in the Green Zone.

LULU    LULULEMON ATHLETICA

SRPT    SEREPTA THERA.

UAA    UNDER ARMOUR

 

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    CRC    CALIFORNIA  RESOURCES    if it is going to Close Below your Buy Price, or $39.51. 

LOWER the Sell Stop Loss on    FOXA    21st CENTURY FOX    to the Red Line ($44.42) on the Close, as FOXA is back down in the Green Zone.

EXIT    WTW    WEIGHT WATCHERS     if it is going to Close Below your Buy Price, or  $92.07. 

 

EXIT    ASNA    ASCENA RETAIL    if it is going to Close Below the Pink Line around $3.51.  This trade was not logged.

 

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

July 23, 2018 by AbovetheGreenLine Leave a Comment

Money Wave Alert! Jul 23, 2018

XLK Chart
XLK Chart
No Sellers yet on the Tech Fund.

 

Markets were  mixed again today, on more slow trading. The S&P 500 is near the Pink Line of 2800. Closing below the Pink Line could create a Short Term Sell Signal.

Most recent Money Wave Buys are NOT POPPING well, indicating a Tired Market.

Most of the Leaders are back up near the Red Zones (probably too late to Buy for the Short Term). 

Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals. 

Crude Oil  was down today at  $68.30. 

_____________________________________________________________________________________

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

 

BUYS TODAY    

DNR    DENBURY RESOURCES      Money Wave Buy today.  DNR will not be logged as it is already up 3% today and the Volume is below average.

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

 

Money Wave Buys soon for:

  

I    INTELSAT GLOBAL    Money Wave must Close in the Green Zone.

XOP    OIL & GAS FUND    Money Wave must Close in the Green Zone.

 

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    UAA    UNDER ARMOUR    if it is going to Close Below the Red Line around $21.43.

 

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

July 22, 2018 by AbovetheGreenLine Leave a Comment

Green Line Weekly Jul 22, 2018

Yield Chart
Yield Chart
The Interest Rate Yield Curve does not show Economic Strength.

 

07/22/2018:  Markets were mixed for the week, as the broad Markets like the New York Stock Exchange are struggling to go higher.

Trump is blaming the Fed on raising short Term Rates. As Technical Analysts, we don’t care “WHY” things happen, but since the Trade War talks began, many sectors of the Markets have weakened. Trump needs to “WIN” soon on Trade or the Economy could slip into a Slowdown based on the Yield Curve.

The NASDAQ 100 Index was able to get back up to the Highs on Friday with 2 of the 5 FAANG stocks leading.  For the week, the Dow was up 0.2%, the S&P 500 was up about 0.1%, and the Nasdaq was flat.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was down 0.57% and closed Below the Green Line, indicating Economic weakness.

Bonds  were down 1.60% for the week but Closed Above the Green Line, indicating Economic weakness.

The US DOLLAR  was mixed for the week, and is Above the Green Line.

Crude Oil was down another 3.87% for the week at $68.26, and GOLD was down 0.81%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 6 logged Open Positions, for the Short & Medium Term.  Most are now in the Yellow or Red Zones, so please have Sell Stops below them. There are 2 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

The Funds below are correcting down to their Green Lines, but the Relative Strength is remaining high. These tend to Bounce nicely when the weekly Money Wave crosses up > 20.

 

IOVA    IOVANCE BIOTHERA.      Weekly Buy Signal but IOVA will not be logged, as the BioTech Index is back on the Highs

 

FCAU     FIAT CHRYSLER    Wait for weekly Close Above the Red Line of $20.23 (50-day avg.)
IBKR    INTERACTIVE BROKERS    Wait for Weekly Money Wave Close > 20.
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $52.43 (50-day avg.)
SPLK    SPLUNK INC.    Wait for weekly Close Above the Red Line of $106.41 (50-day avg.)
VALE    VALE DO RIO    Wait for weekly Close Above the Red Line of $13.24 (50-day avg.)
VLO    VALERO ENERGY    Wait for Weekly Money Wave Close > 20.

 

___________________________________________________________________________________________

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

 

Alert! Market Risk is High (RedZone). The probability of successful Short Term Trades is better, when the S&P 500 is down near the Green Line. 

 

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

 

QUESTION:   Steve writes ” What is the deciding factor for you to say “Caution! Way above the Green Line?   Thank you.”

ANSWER:  Hi Steve, Way Above the Green Line means that if you Buy there, you will probably have a “Sick Feeling” when the Investment returns to the Green Line.

Good trading, and tell your friends!

Filed Under: Weekly

July 20, 2018 by AbovetheGreenLine Leave a Comment

Money Wave Alert! Jul 20, 2018

SPX Chart
SPX Chart
S&P 500 needs to hold above 2798.

 

Markets were  mixed today, on very slow trading. The S&P 500 is near the Pink Line of 2798. Closing below the Pink Line could create a Short Term Sell Signal.

Most of the Leaders are back up near the Red Zones (probably too late to Buy for the Short Term). 

Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals. 

Crude Oil  was down today at  $68.139.30. 

_____________________________________________________________________________________

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

 

BUYS TODAY    

ARQL   ARQULE, INC.     Money Wave Buy today.  ARQL will not be logged as the Volume is below average.

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

 

Money Wave Buys soon for:

DNR    DENBURY RESOURCES   
XOP    OIL & GAS FUND    Money Wave must Close in the Green Zone.

 

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    URBN    URBAN OUTFITTERS if it is going to Close Below your Buy Price, or $46.32.

 

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.

 

HAVE A NICE WEEKEND!

Filed Under: IntraDay

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