Above the Green Line -01
  • Market Insights
        • Commentary
          • Daily
          • Weekly
        • BUY / SELL SIGNALS
          • Trade Posts
          • Recent Trade Alerts
          • Recent Day Trades
        • BLOGROLL
          • Dividend Growth Blog
          • ETF Sector Blog
          • Dow Dogs
          • TPOW Blog
  • Strategies
        • SWING TRADING
          • Current Positions
          • Watchlists
          • Closed Positions
          • Candidates - TOP 100
          • Specialty Stocks
        • WEEKLY STOCK PICK
          • TPOW Charts
          • TPOW Performance
          • TPOW Strategy Guide
          • TPOW Performance Dashboard
        • DAY TRADING
          • Watch List
        • ATGL DASHBOARD
        • ETF STRATEGIES
          • ETF Sector Rotation
          • ETF Sector Portfolio
        • DIVIDEND GROWTH
          • Dividend Growth Portfolio
          • Dividend Calendar
        • DOGS OF THE DOW
          • Dogs of the Dow Portfolio
          • DOW 5 Portfolio
  • Markets
        • US MARKET
          • Commodities
          • Energy
          • Precious Metals
          • Volatility
        • GLOBAL MARKETS
          • Market Indices
          • Economic Calendar
          • FOREX Heat Map
          • FOREX Cross Rates
          • Crypto Currency Market
  • Investing
    • Discord Community
    • Dashboard
  • Resources
        • ARTICLES
          • Dividend Growth Model Articles
          • ETF Articles
          • Investment Strategies Articles
          • Market and Economic Insights
          • Stock Trade Articles
          • Stock Reviews
        • TOOLS
          • Stock Scanners
          • Charting Software
          • Brokerage Firms
        • STOCK CHARTS
          • Key Components
          • Reading Charts
          • Drawing Stock Charts
          • Identifying Trends
        • RETIREMENT PLANNING
  • About
    • Contact Us
    • How to Win
    • #1 At Stockcharts
    • Disclaimer
    • FAQ
  • Log In
  • Subscribe

August 9, 2020

Green Line Weekly Aug 9, 2020

M2 Chart
Is the FED Printing winding down?

08/09/2020 Markets were up again for the week as the S&P 500 Index is now back up to the All Time High in Feb. The NASDAQ 100 Index is on New Highs mainly because of huge moves on Amazon, Apple, Google & Microsoft. The broad New York Stock Exchange Index is well off the Highs, along with the Small Cap Index, DOW 30 Index and the World Index.

Most are hoping that when the Covid 19 really settles down or a vaccine is created, the Markets will go much higher. But Stocks are probably already priced for that, and a stronger Economy would normally cause Long Term Interest Rates to go up (Bonds would Sell off). Rising Long Term Interest Rates would hurt many industries like Housing. The FED has created much of the Market rally since March by pushing Rates down near 0 % and also pumping extra Money into the Money Supply (see chart above). Most likely the FED will stop the massive pumping on any substantial good news about Covid 19. Then we will see if the Markets can hold up on their own.

There should normally be plenty of Sellers soon up at 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.

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), Gold Fund (IAU) and Silver Fund (SLV), but they are currently over bought (so we wait for pullbacks).  Some of the Strongest Leaders are 50 – 100 % Above the Green Lines on FOMO Buying (Fear of Missing Out). The Leaders might go a little Higher, but based on history they will correct. Those expecting a big rally from this point will normally be disappointed. Tammy needs to get Flushed Out again, like she was at the February Highs, as her GREED has kicked in.

For the week the Dow was up 3.8%, the S&P 500 was up 2.47%, and the Nasdaq 100 was up 2.14%. The Long Term Trend for the Indices is up. 

The Inflation Index (CRB) was up 2.20% and is Below the Green Line, indicating Economic Weakness.

Bonds  were down 0.54% 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 2.36% for the week at $41.22 and GOLD was up 2.12%  at $2028.00, a New High.

_____________________________________________________________________________________________

MONEY WAVE BUYS SOON

We are currently in 3 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  (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 the next Daily Money Wave Buy. 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. 

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 MEDIUM (Yellow 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

___________________________________________________________________________________________

Related Post

– Green Line Weekly Aug 2, 2020

Subscribe to Our Newsletter

AGL Logo

Get our eBook Now!

Candlestick - A Swing Traders Friend

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

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

  • ATGL Weekly Money Flow - 2025-05-11 on ATGL Top Pick of the Week! Apr 6, 2025
  • ATGL Weekly Money Flow - 2024-06-19 on Day Trading vs Swing Trading: Which One Is More Worth It?
  • AbovetheGreenLine on Green Line Weekly Aug 27, 2023
  • lbrodt on Green Line Weekly Aug 27, 2023
  • Mitch Van Zelfden on Money Wave Alert! Jul 31, 2023

Become a Green Liner!
Become a Green Liner!

Help me make more Money in the Stock Market.

ON ATGL

  • DashBoard
  • Weekly Commentary
  • Daily Buy / Sell Signals
  • Day Trade Setup
  • Trading Rooms

Design & Develop By Pixelvect

STRATEGIES

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

HELP

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

FOLLOW US

Instagram Linkedin Twitter Facebook

© COPYRIGHT 2024 · ABOVETHEGREENLINE.COM · ALL RIGHTS RESERVED · PRIVACY · TERMS · CONTACT · WATCHLIST · CURRENT