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May 14, 2020

Green Line Alert! May 13, 2020

SPX Chart
The S&P 500 Index has rolled over Below the Green Line.

 

Markets were down again today as the Indices rolled over Below the Green Lines. Most of the Leaders were back up in the Red Zones (probably too late to Buy for the Short Term), but are coming down now. 

Please be patient and WAIT for the Leaders to return to their Green Zones Buys for more Money Wave Buy Signals. The S&P 500 was in the Red Zone yesterday and now has Support at 2798. The BioTechs are currently the strongest Sector.

The Markets were ignoring the Economic weakness, as the FED is Printing Money at full speed.  Please remember that the Markets have bounced up about 30 % from the March Lows, and are over-bought.

 

Bonds  were up again today.

Crude Oil was down $0.74 today at $25.04.

 

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

BUYS TODAY    5/13/2020     

 

VXX     VOLATILITY INDEX      Money Wave Buy today.  VXX will not be logged as it is already up 9 % today.

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

   

“JUMP START” Candidates:  (Buy Signal should be very soon… Click on the Jump Start link for more info.)   

NONE TODAY
_______________________________________________________________________________________________________________________________________________ 

Money Wave Buys Signals Soon (Short Term):   (Best to Buy these when the S&P 500 is also in the Green Zone.)      

EQT     EQT CORP.     

GOLD     BARRICK GOLD CORP.

 

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

Emotions are very high now, so please do not Buy unless you are VERY NIMBLE.

The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).

___________________________________________________________________________________________________

SELLS TODAY    

 

CNX     CNX RESOURCES    EXIT if it is going to Close below  Support of $9.96.  This trade was not logged. 

 

XLK     TECH FUND      Was Stopped Out on the Close yesterday on the late Sell-off.

LLY     ELI LILLY    Was Stopped Out on the Close yesterday on the late Sell-off. This trade was not logged.

XLV      HEALTH CARE FUND    Was Stopped Out on the Close yesterday on the late Sell-off. This trade was not logged.

 

Click for   PORTFOLIO  (Open Positions) and adjust your Sell Stops. 

Click for  CLOSED POSITIONS, 

NEW ETF SECTOR ROTATION SYSTEM   

NEW! TOP 100 LIST Updated May 1, 2020

 

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

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.

Posted By AbovetheGreenLine at 9:52 am 2 Comments

Comments

  1. Vaporman says

    May 14, 2020 at 4:25 pm

    Thanks for all the hard work you do.

    Log in to Reply
    • AbovetheGreenLine says

      May 14, 2020 at 4:36 pm

      Thanks!

      Good trading and tell your friends!

      Log in to Reply

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Voted #1 at Stock Charts

SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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