Above The Green Line

Archives for December 2018

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Money Wave Alert! Dec 31, 2018

SPX Chart
The S&P 500 needs to Close above the Pink Line of 2477.

 

Markets  were higher again today with low Volume as the S&P 500 tries to Close above the Pink Line Resistance (10-day avg.) at 2477.

We are reluctant to buy more at this level as the Markets could go back down once more. The Inverse Funds (see Watch List below) are back down in the Green Zones for a Money Wave Buy soon.

Longer term the Markets are extremely Over-Sold and should return back up towards the Green Line after backing and filling.

Crude Oil  was up $0.30 today at  $45.75. 

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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 Signals Soon:   

PSQ    INVERSE NASDAQ 100 FUND   

RWM    INVERSE SMALL CAP FUND    Money Wave must Close in the Green Zone.

SH    INVERSE S&P 500 FUND   

TLT    US GOV’T. BOND FUND

NIHD    NII HOLDINGS    Place Buy Stop Order above $4.49.
XLU   UTILITIES FUND    Medium Term. Wait for Close Above the Pink Line
     

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).

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SELLS TODAY   

 

EXIT    CROX    CROCS, INC.    if it is going to Close below your Buy Price, or $25.97.

EXIT    ETSY     ETSY INC.    if it is going to Close below your Buy Price, or $47.21.

LOWER the Sell Stop Loss on    UNG    US NATURAL GAS FUND    to $24.00 until it bottoms. The Relative Strength is still 94 from ETFScreen.com, and UNG is back down in the Green Zone.

 

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.

 

HAPPY NEW YEAR!

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Green Line Weekly Dec 30, 2018

SPY Weekly
Possible Elliott Wave count on the S&P 500.

 

12/30/2018:  Markets  bounced up this week after being extremely Over-Sold.  Normally when the FEAR is so high and Tammy has sold out after Buying High, the media will begin to print positive stories (maybe like gasoline prices below $2, mortgage rates have dropped 3/4 -1%, maybe Earnings better than expected,  the FED becoming less Hawkish, a necessary China Trade deal, etc.)

And then in a few months the sentiment and confidence could flip, and eventually the Herd and Tammy would pile back in.  Eventually the Markets should bounce back up to at least the Green Line, once they bottom.

For the week the Dow was up 2.75%, the S&P 500 was up 2.93%, and the Nasdaq 100 was up 3.95%.   The very Long Term Trend on the Stock Markets is UP, but many Indices made 52-week Lows last week which could signal a Top has been made.

 

The Inflation Index (CRB) was down 0.68% and is Below the Green Line, indicating Economic Weakness.

Bonds  were up  0.27% for the week and are Above the Green Line, indicating Economic Weakness.

The US DOLLAR  was down 0.64%, and could be topping as the FED is probably finished Raising Rates for a while (unless they purposely  want to create a Slow Down). A falling Dollar could be good for Tech Stocks and Commodities.

Crude Oil was down 0.57% for the week at $45.33, and GOLD was up 2% at $1283.

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MONEY WAVE BUYS SOON:   

We are currently in 13 logged Open Positions, for the Short & Medium Term.  There are 3 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

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LONG TERM TRADES 

Investments below that can Bounce up off the Green Line with Above 80 Relative Strength, could re-test their recent Highs.

   
ARWR    ARROWHEAD PHARMA.    Wait for weekly Close Above the Red Line of $13.29 (50-day avg.)   
BSX    BOSTON SCIENTIFIC     Wait for weekly Close Above the Red Line of $35.53 (50-day avg.) 
CGC    CANOPY GROWTH     Wait for weekly Close Above the Red Line of $32.96 (50-day avg.) 
FIVE    FIVE BELOW     Wait for weekly Close Above the Red Line of $103.93 (50-day avg.)       
FTNT    FORTINET INC.     Wait for weekly Close Above the Red Line of $72.48 (50-day avg.)   
I    INTELSAT GLOBAL     Wait for weekly Close Above the Red Line of $23.60 (50-day avg.) 
LULU    LULULEMON ATHLETICA     Wait for weekly Close Above the Red Line of $125.84 (50-day avg.)     
MSFT    MICROSOFT CORP.     Wait for weekly Close Above the Red Line of $104.66 (50-day avg.)     
UAL    UNITED CON’T. AIR     Wait for weekly Close Above the Red Line of $87.23 (50-day avg.)     
WWE    WORLD WRESTLING    Place Buy Stop above $77.95 on the Close.  

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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 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 up there, you will probably have a “Sick Feeling” when the Investment eventually returns to the Green Line.

Good trading, and tell your friends!

 

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Money Wave Alert! Dec 28, 2018

DIA Chart
The DOW Index is returning back up to the Green Line.

 

Markets  were up slightly again today as the S&P 500 tries to Close above the Pink Line Resistance (10-day avg.) at 2488. The Markets have had a decent bounce off the Lows this week, as they were extremely Over-Sold and should return back up towards the Green Line after backing and filling.

The FEAR Index is very high, normally indicating that the Markets are Over-Sold.

Crude Oil  was up $0.70 today at  $45.75. 

____________________________________________________________________________________________________

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 Signals Soon:   

PSQ    INVERSE NASDAQ 100 FUND

SH    INVERSE S&P 500 FUND   

TLT    US GOV’T. BOND FUND

NIHD    NII HOLDINGS     Medium Term. Wait for Close Above the Pink Line
XLU   UTILITIES FUND    Medium Term. Wait for Close Above the Pink Line
     

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   RWM    INVERSE SMALL CAP FUND    if it is going to Close below the Pink Line around $47.10.   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.

 

HAVE A NICE WEEKEND!

by Leave a Comment

Money Wave Alert! Dec 27, 2018

SPX 60-min
S&P 500 went down to test the recent Low.

 

Markets  corrected some of yesterday’s Big rally by dipping back down about 1/2 way down. The next Resistance on the S&P 500 is the Pink Line (10-day avg.) at 2499. The Markets are extremely Over-Sold and should back up towards the Green Line once the temporary Fear subsides. High levels of human emotion are difficult to maintain for long periods of time.

The FEAR Index is very high, normally indicating a Market bounce soon.

Crude Oil  was down $1.01 today at  $45.12. 

____________________________________________________________________________________________________

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

 

BUYS TODAY    

 

CIEN    CIENA CORP.    Money Wave Buy today. Target is $36.00. Place Sell Stop Loss below Support of $30.77 on the Close.

ETSY     ETSY, INC.      Money Wave Buy today. Target is $55.00. Place Sell Stop Loss below Support of $42.00 on the Close.

LLY    ELI LILLY        Place Buy Stop Above $111.54. 

MCD    MCDONALDS CORP.     Medium Term Buy today. Target is $184.00. Place Sell Stop Loss below Support of $169.04 on the Close.

SBUX    STARBUCKS CORP.     Medium Term Buy today. Target is $68.00. Place Sell Stop Loss below Support of $60.42 on the Close.

 

Money Wave Buys Signals Soon:   

VZ    VERIZON COMM       
XLNX    XILINX, INC.
XLU   UTILITIES 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   

 

LOWER  the Sell Stop Loss on     VKTX    VIKING THERA.     to $6.50  until it bottoms.

 

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.

by Leave a Comment

Money Wave Alert! Dec 26, 2018

RWM Chart
Small Cap Inverse Fund is finally getting tired.

 

Markets  finally bounced up today on Low Volume, as the Markets were extremely Over-Sold. The Indices were stretched Way Below the Green Lines like a rubber band, and should snap back up towards the Green Line once Tammy Sells out on Fear.

The FEAR Index is very high, normally indicating a Market bounce soon.

Crude Oil  was up$4.11 today at  $46.70. 

____________________________________________________________________________________________________

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

 

BUYS TODAY    

 

MRK    MERCK & CO.    Money Wave Buy today. Target is $79.00. Place Sell Stop Loss below Support of $70.89 on the Close.

PFE    PFIZER, INC.     Money Wave Buy today. Target is $46.00. Place Sell Stop Loss below Support of $40.42 on the Close.

 

TWLO    TWILIO INC.    Money Wave Buy today. We will not log TWLO, as it is already up 11% today.

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

 

Money Wave Buys Signals Soon:   

CIEN    CIENA CORP.
ETSY     ETSY, INC.     
LLY    ELI LILLY    Wait for Close Above the Pink Line.   
MCD    MCDONALDS CORP.    
PG    PROCTOR & GAMBLE     
SBUX    STARBUCKS CORP.    
VZ    VERIZON COMM       
XLNX    XILINX, INC.
XLU   UTILITIES 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   

 

LOWER the Sell Stop Loss on     UNG    US NATURAL GAS FUND    to the Green Line of $26.73  until it bottoms.

 

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.

 

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