Above The Green Line

  • Commentary
    • BUY / SELL SIGNALS
      • Stock Alerts
    • DIVGRO BLOG
    • ETF SECTOR BLOG
    • DOW DOGS BLOG
    • NEWS
    • STOCK IDEAS
  • Strategies
    • SWING TRADING
      • CURRENT POSITIONS
      • WATCHLISTS
      • CLOSED POSITIONS
      • CANDIDATES – TOP 100
      • SPECIALTY STOCKS
    • DAY TRADING
      • Watch List
    • DIVIDEND GROWTH
      • Dividend Growth Portfolio
      • Dividend Calendar
    • DOGS OF THE DOW
      • Dogs of the Dow Portfolio
      • DOW 5 Portfolio
    • ETF SECTOR ROTATION
      • ETF Sector Portfolio
  • Markets
    • US MARKET
      • Commodities
      • Energy
      • Precious Metals
      • Volatility
    • GLOBAL MARKETS
      • MARKET INDICES
      • ECONOMIC CALENDAR
      • FOREX HEAT MAP
      • FOREX CROSS RATES
      • CRYPTOCURRENCY MARKET
    • DASHBOARD
    • IDEAS
  • Investing
    • FORUM
  • Resources
    • ARTICLES
    • WEEKLY STOCK
    • RETIREMENT PLANNING
    • BLOGROLL
    • FAQ
  • About
    • CONTACT US
    • HOW TO WIN
    • #1 AT STOCKCHARTS
  • Log In
  • Subscribe

August 16, 2020

Green Line Weekly! Aug 16, 2020

TLT Chart
Have Bonds Peaked from a stronger Economy?

08/16/2020 Markets were up slightly again for the week as the S&P 500 Index is only 0.2% from the All Time High in Feb. There would normally be plenty of Sellers up around the Feb Highs (Resistance), so a pullback down to the 50-day average or below could create a “Cup & Handle” Pattern back up. Or the Markets could be forming a massive “Double Top” of the 11 year Bull Market (Bearish). We will have to wait and see.

The biggest change this week was that the Long Term T-Bonds dropped 3.94% this week, so the Interest Rate rose from 1.23% Yield  to 1.44% Yield (+17.3%) in a week. Normally a stronger Economy would normally cause Long Term Interest Rates to go up (Bonds would Sell off). Rising Long Term Interest Rates could hurt many industries like Housing. 

Those hoping for a big rally up from here will probably be disappointed. It would be healthier for the Markets to pull- back 5% or more, but the Markets seem to be waiting on more Covid Stimulus Money and then Sell off on the Good News. The PENNY STOCK WATCH LIST
has many Green Zones Buy Signals soon that are 50-80% off the recent Highs, as many Buyers seemed to have temporarily run out of Stimulus Money.

We like to Buy Investments that have recently made New Highs, on pullbacks. These are NASDAQ 100 (QQQ), Semiconductor Fund (SMH), BioTech Fund (XBI), Internet Fund (FDN) & Retail Fund (XRT), but they are currently over bought (so we wait for pullbacks).  Gold Miners (GDX), Gold Fund (IAU), and Silver Fund (SLV) are pulling back now.

For the week the Dow was up 1.89%, the S&P 500 was up 0.64%, and the Nasdaq 100 was up 0.25%. The Long Term Trend for the Indices is up. 

The Inflation Index (CRB) was up 1.60% and is Below the Green Line, indicating Economic Weakness.

Bonds  were down 3.94% for the week and are Above the Green Line, indicating Economic Weakness.

The US DOLLAR was down o.20% for the week and is Below the Green Line. 

Crude Oil was up 1.92% for the week at $42.01 and GOLD was down 3.86%  at $1949.80.

_____________________________________________________________________________________________

MONEY WAVE BUYS SOON

We are currently in 2 logged Current Positions, for the Short & Medium Term.  There are 11 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

______________________________________________________________________________________________

LONG TERM INVESTMENTS  (Most of the Leaders are back up in the Weekly Red Zones.)

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

AUY      YAMANA GOLD       Wait for Money Wave Buy Signal soon. All time High is $18.50.     

FCEL      FUELCELL ENERGY INC.      Buy if it Closes above $3.42 on High Volume. All time High is $682.00.

GPRO     GOPRO INC.      Buy if it Closes above $5.79 on High Volume.  All time High is $98.00.

KIRK     KIRKLAND’S INC.      Wait for the next Daily Money Wave Buy. All time High is $29.50.

NK        NANTKWEST INC.      Wait for a Close above the Pink Line. All time High is $35.00.

RIOT      RIOT BLOCKCHAIN INC.      Wait for the next Daily Money Wave Buy. All time High is $46.20. 

______________________________________________________________________________________

Click for  Current Positions
Click for  Watch List
Click for  Closed Positions

NEW PENNY STOCK WATCH LIST

Day Trade List Jul 30, 2020

TOP 100 LIST Aug 2, 2020

Dividend Growth Portfolio  (we are now posting a Dividend Calendar for the entire portfolio to assist with planning purposes).

ETF Sector Rotation System –  New Quarterly Rotation was on June 30 & July 1, 2020.

Dogs of the DOW System

Long Term Strategy for IRAs & 401k Plans

CNN Fear & Greed Index

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

___________________________________________________________________________________________

QUESTION: Boruch L. writes : A question please, at about 3:45 PM I get an email that will list buys a/o sells that day. Is there any way I could know about the buys or sells as they occur in real time? Thanks,

ANSWER:  We currently have 1 email going out Daily, the Money Wave Avert! which is sent between 3:40 -3:50 EST.

We are sending out some Day Trading Tweets on Twitter @AboveGreenLine on Twitter

Many follow the Watch List and  Penny Stock Watch List  and Current Positions for Sell Stops during the day, as they are constantly being updated.

Thank you.

Posted By AbovetheGreenLine at 1:18 pm Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Voted #1 at Stock Charts

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

Help Us Help Animals

Help Us Help Animals

Recent Comments

  • psychess on Green Line Weekly Jun 4, 2023
  • AbovetheGreenLine on Money Wave Alert! May 19, 2023
  • Robert Zieman on Money Wave Alert! May 19, 2023
  • Volodymyr Gelfand on Monet Wave Alert! May, 18, 2023
  • Money Wave Alert! May 16, 2023 – InvFuture Education on Money Wave Alert! May 16, 2023

Become a Green Liner!
Become a Green Liner!

Help me make more Money in the Stock Market.

Above the Green Line

ON ATGL

  • Weekly Commentary
  • Intraday Buy / Sells
  • Day Trade Setup

STRATEGIES

  • Swing Trading
  • Dividend Growth
  • ETF Sector Rotation
  • Dogs of the Dow

HELP

  • ATGL Trading Rules
  • FAQ
  • Account Maintenance
  • Contact US

© Copyright 2021 · AboveTheGreenLine.com · All Rights Reserved · Privacy · Terms · Contact · WatchList · Current