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 7, 2022

Green Line Weekly! Aug 7, 2022

SPX Chart
FEAR is gone now after a 14% rally on the S&P 500, so Stocks have more risk.

8/7/2022 Markets were slightly higher this week as the Indices have rallied back up near the Green Lines. Normally the Markets would stall near the Green Lines or go back down after a big rally with only average Volume.

In June the Stock Indices were Way Below the Green Lines, and the Strong Commodities and long term Interest Rates were Way Above the Green Lines. The Green Line told us that Stocks should rally and Oil & long term Interest Rates should fall (which is EXACTLY what happened).

The Media caused investor FEAR, and Dumb Money sold the S&P 500 Fund Way Below the Green Line, and down in the Green Zone. Most investors were certain that Oil prices & Interest Rates would remain high, and a that a Recession would cause Stocks to go lower. Instead the S&P 500 Fund bounced 13.8 % and Oil dropped 29 %. The Green Line System bought on the FEAR, and captured some nice Gains this week.

So what will happen next? Based on probability and not prediction (like the Media uses), the strongest Charts of Oil, Interest Rates and Commodities have corrected down near the Green Lines, and will normally go back up to re-test the Highs. This would probably put selling pressure on Stocks. The S&P 500 Fund is quickly back up in the Red Zone on the Chart above (probably too late to Buy on this cycle).

If you continue to Follow the Green Line System, your Money should flow into the Strongest areas and your account value should be able to grow in both Bull and Bear Markets.  

COMPLETED TRADES THIS WEEK

AR      ANTERO RESOURCES      Stopped Out on the Close for a 18.8 % Gain. 
BLU      BELLUS HEALTH      Target was Hit for a 10.4 % Gain.      
CTIC      CTI BIOPHARMA      Target was Hit at $6.75 for an 8.9 % Gain.   
LI      LI AUTO INC.      Stopped Out on the Close for a 1.34 % Gain.     
OXY      OCCIDENTAL PETE      Stopped Out on the Close for a 9.36 % Gain.   
XLE      ENERGY STOCK FUND      Stopped Out on the Close for an 8.6 % Gain.
XOM      EXXON MOBIL    Stopped Out on the Close for an 6.7 % Gain.  ________________________________________________________________________________________________________________________________________________

More action this week on the Day Trading Scrolling Charts.  

DAY TRADING CHARTS FOR INDICES & LARGE CAPS.

We have not had many intra-day Trade Alert signals lately as the Volume has been too Low with the Buy Signals. These low Volume Buy Signals tend to pop up and quickly fade back down. We like to see High Volume on rallies.

For the week the Dow was down 0.21%, the S&P 500 was up 0.38%, and the NASDAQ 100 was up 1.99%. Currently the major Stock Indices are Below the Green Lines (AVOID and own stronger Investments here). 

The Inflation Index (CRB) was down 3.77% for the week and is Above the Green Line, indicating Economic Expansion.

Bonds were down 0.64% for the week, and are Way Below the Green Line, indicating Economic Expansion.

The US DOLLAR was up 0.67% for the week and is Way Above the Green Line. 

Crude Oil was down 9.74% for the week at $89.01 and GOLD was up 0.53%  at $1791.20. 

SEE SUPPLEMENTAL CHARTS

_____________________________________________________________________________________________

MONEY WAVE BUYS SOON

We are in now in 7 logged Current Positions for the Short & Medium Term. There are 7 investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

_________________________________________________________________________________________

LONG TERM INVESTMENTS  (Hard to find many Long Term now because most normal  Investments no longer have 80 Relative Strength required.)

Long Term Scrolling Charts (Real Time)      

DBC      COMMODITY FUND      Buy if it Closes above the Red Line with High Volume.

GOGL      GOLDEN OCEAN GROUP      Buy above $11.40 with High Volume with a 5% Trailing Sell Stop Loss below it.

TBF      INVERSE T-BOND FUND      Buy above $19.75 with High Volume with a 5% Trailing Sell Stop Loss below it. 

_______________________________________________________________________________

My Trading Dashboard
Swing Trading Scrolling Charts
Day Trading Scrolling Charts

Click for  Watch Lists
Click for  Current Positions
Click for  Closed Positions

Updated Top 100 List Aug 1, 2022
Dividend Growth Portfolio  
Updated ETF Sector Rotation System      
Dogs of the DOW System
Long Term Strategy for IRAs & 401k Plans
CNN Fear & Greed Index
Scrolling Stage Chart Investing Charts

Alert! Market Risk is High (RED). 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.

________________________________________________________________________________

4 Ways to Get your Daily Money Wave Email Alert:

    • Emailed to your box between 3:45 – 3:50 pm EST.
    • Website menu Commentary/Buy/Sell Signals
    • Twitter notifications are the fastest @AboveGreenLine
    • Text messages: Email us your Cell number & phone carrier.

Thank you,

ATGL

Posted By AbovetheGreenLine at 1:34 pm 1 Comment

Trackbacks

  1. Green Line Weekly! Aug 7, 2022 – ParkRiver says:
    August 7, 2022 at 5:01 pm

    […] Keep Reading […]

    Log in to Reply

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

  • AbovetheGreenLine on Money Wave Alert! Jan 17, 2023
  • merryme on Money Wave Alert! Jan 17, 2023
  • AbovetheGreenLine on ETF Sector Rotation System Changes
  • Vincent Colombe on ETF Sector Rotation System Changes
  • AbovetheGreenLine on ETF Sector Rotation System Changes

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