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April 21, 2019

Green Line Weekly Apr 21, 2019

MRK Weekly Chart
Some Drug Stocks are quickly back down near the Green Line (MRK).

 

HAPPY EASTER TO ALL!

04/21/2019:  Markets were mixed again for the week, as the major Indices are back up near the Sept. Highs. Normally Indices will struggle at previous Highs (Resistance), and the Markets have quickly rallied 24 % up from the Dec. Lows without much pull-back.

For the week the Dow was up 0.56%, the S&P 500 was down 0.05%, and the Nasdaq 100 was up 0.81%.  The very Long Term Trend on the Stock Markets is UP.  

The Inflation Index (CRB) was down 0.65% and is slightly Above the Green Line, indicating Economic Strength.

Bonds were up 0.19% for the week and are Above the Green Line, indicating Economic Weakness.

The US DOLLAR was up 0.65% and is over-bought. 

Crude Oil was up  0.28% for the week at $64.07, and GOLD was down 1.48%  at $1276.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 7 logged Open Positions, for the Short & Medium Term.  There are 5 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

______________________________________________________________________________________________

LONG TERM TRADES 

Buy the Leading Investments that are down near the weekly Green Zones.   

AVP    AVON PRODUCTS      Buy if is Closes above $3.41 on High Volume.   

BSX   BOSTON SCIENTIFIC    Wait for a Close above the Red Line of $38.00.   

CIEN   CIENA CORP.  Wait for a Close above the Red Line of $38.20.   

DXCM   DEXCOM INC.    Wait for a Close above the Red Line of $128.52.   

KTOS   KRATOS DEFENSE    Wait for a Close above the Red Line of $15.54.   

MEET    THE MEET GROUP    Wait for a Close above the Red Line of $5.30.   

MRK    MERCK & CO.    Wait for next Daily Money Wave Buy Signal.
___________________________________________________________________________________________

 

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 better, when the % of stocks above the 50-day avg. is below 20. 

Tell your Friends about the Green Line, and Help Animals

 

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Posted By AbovetheGreenLine at 12:20 pm 2 Comments Tagged With: premium

Comments

  1. sherbert says

    May 4, 2019 at 8:44 pm

    Hello; I’m a new subscriber. I was wondering why the stop for UNG was moved to $21 from $28.44 and $25.83. Also, do you continue to hold positions if the price drops below the green line? Thanks.

    Log in to Reply
    • AbovetheGreenLine says

      May 6, 2019 at 1:18 pm

      Good question, Sherbert.

      When the Market dumped last year from Sept – Dec. UNG had made a High at $39.87 and then it got a Money Wave Buy at $30.10… Usually the Strong ones will bounce up and re-test the recent Highs.

      Instead, UNG “Gapped Down” a week later below the Green Line to $24. Normally we would have stopped out, but the loss would have been large, and Natural Gas will probably not go to $0.

      UNG did bounce back back up to up to $30.33, and the Plan was to get out, but it “Gapped Down” again.

      We normally don’t want to own any Investment Below the Green Line. But since UNG made a 3 year high last year on heavy volume, it could try $30 again or higher again.

      Good trading, and tell your friends!

      Log in to Reply

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