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August 4, 2019

Green Line Weekly Aug 4, 2019

SPX Chart
Profit Taking this week as the Markets were in the Red Zones.

 

08/04/2019:  Markets were down  for the week, after the FED cut Interest Rates 1/4 point on July 31. Then Smart Money took profits on the “Good News” from the FED.

Most of the major Indices and Leaders were very over-bought, but have now pulled back down to the Green Zones for Money Wave Buys soon.  The Watch List has grown to 12 Positions, so expect a Market bounce soon for the Leaders.

For the week the Dow was down 2.59%, the S&P 500 was down 3.11%, and the Nasdaq 100 was down 4.07%.  The Long Term Trend on the Stock Markets is UP. 

 

The Inflation Index (CRB) was down 2.15% and is Below the Green Line, indicating Economic Weakness.

Bonds  were up 4.04% for the week to a New High and are Way Above the Green Line, indicating Economic Weakness.

The US DOLLAR was up 0.15% to a New High, but it could be having a huge Double Top from 3 years ago. 

Crude Oil was down 0.96% for the week at $55.66, and GOLD was up 2.69%  to a New High at $1457.50.

___________________________________________________________________________________________

COMPLETED TRADES THIS WEEK:    

 

2019-07-30   SID      Companhia SiderSA    $4.29      2019-08-01    $4.15       -$0.14       -3.26%
2019-07-29   SPWR SunPower Corp.           $10.76    2019-08-01     $15.00     $4.24       39.41%
2019-07-26   WMT  WalMart Inc.                  $113.02  2019-08-01     $109.38   -$3.64     -3.22%
2019-05-10   QCOM QUALCOMM, Inc.        $85.84   2019-07-31      $73.16     -$12.68    -14.77%
2019-07-24   XRX    Xerox Corp.                     $35.09  2019-07-30      $32.78    -$2.31       -6.58%
2019-07-23   AMD   Advanced Micro             $33.49   2019-07-29     $33.48    -$0.01      -0.03%

 

MONEY WAVE BUYS SOON:   

We are currently in 1 logged Open Positions, for the Short & Medium Term.  There are 12 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

______________________________________________________________________________________________

LONG TERM INVESTMENTS 

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

HZNP     HORIZON PHARM.      Wait for a Close Above $25.45.     

XRX     XEROX CORP.     Wait for next Daily Green Zone Buy.

___________________________________________________________________________________________

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

 

Alert! Market Risk is MEDIUM (Yell0w 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 1:41 pm 3 Comments Tagged With: premium

Comments

  1. spunkyriley says

    August 5, 2019 at 8:06 am

    Hi,

    Thanks for all the education and guidance that you share with us.

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

    Can you please define “very nimble”?

    Log in to Reply
  2. wadih61 says

    August 6, 2019 at 2:54 am

    What about MU ? how come you stopped following this stock.

    Log in to Reply
    • AbovetheGreenLine says

      August 6, 2019 at 11:20 am

      MU is in the Green Zone, but the Relative Strength is only 53 (does not meet the Rules).

      AMAT KLAC MRVL and TER are stronger, based on Relative Strength.

      MU CHART

      Log in to Reply

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