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December 2, 2018

Green Line Weekly Dec 2, 2018

SPX Weekly
S&P 500 had a nice 5% bounce off of Support.

 

12/02/2018:  Markets popped up BIG for the week, as the Indexes bounced up from the Support of the October Lows. The Strongest Leaders that are holding Above the Green Line should go back up to re-test the September Highs (see Long Term List below).

Investments that are struggling Below the Green Line should probably be Sold on the next rally.

For the week the Dow was up 5.16%, the S&P 500 was up 4.71%, and the Nasdaq 100 was up 6.46%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was up 1.19% and is Below the Green Line, indicating Economic Weakness.

Bonds  were up  0.17% for the week and are Below the Green Line, indicating Economic Strength.

The US DOLLAR  was up 0.19%, and is currently over-bought.

Crude Oil was up 1.01% for the week at $50.93, and GOLD was unchanged at $1220.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 6 logged Open Positions, for the Short & Medium Term.  There are 4 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

______________________________________________________________________________________________

LONG TERM TRADES 

Many on the Long Term List had large pops this week, so we don’t want to Chase them. Wait for the next Daily Money Wave Buy Signal.  Investments below that can Bounce up off the Green Line with Above 80 Relative Strength, could re-test their recent Highs.

   
ADBE    ADOBE SYSTEMS    UP 11.2% for the week. Wait for the next Daily Money Wave Buy.  
ARWR    ARROWHEAD PHARMA.     UP 11.7% for the week. Wait for the next Daily Money Wave Buy.    
CVNA   CARVANA CO.    Wait for weekly Close Above the Red Line of $46.57 (50-day avg.)         
FOSL    FOSSIL GROUP    Place Buy Stop Order above $24.28 on the Close.   
FTNT    FORTINET INC.    Wait for weekly Close Above the Red Line of $75.64 (50-day avg.)     
LULU    LULULEMON ATHLETICA     Wait for weekly Close Above the Red Line of $136.14 (50-day avg.) 
OKTA    OKTA, INC.    UP 22.3% for the week. Wait for the next Daily Money Wave Buy.  
QQQ    NASDAQ 100 Fund    Wait for weekly Close Above the Red Line of $170.52 (50-day avg.)    
RUN    SUNRUN, INC    UP 18% for the week. Wait for the next Daily Money Wave Buy. 
WWE    WORLD WRESTLING    UP 18% for the week. Wait for the next Daily Money Wave Buy.  

___________________________________________________________________________________________

 

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

 

Alert! Market Risk is MEDIUM (Yellow Zone). The probability of successful Short Term Trades is better, when the S&P 500 is down near the Green Line. 

Tell your Friends about the Green Line, and Help Animals.

 

QUESTION:  Hi, on the portfolio page with the current positions, may i know what’s the parameters to shift the “legend” to yellow “Don’t take a loss!”? For eg. currently on the portfolio page, Square (SQ) is showing the yellow code legend at the moment.

Best regards, Rui.

ANSWER:  Hi Rui. Usually after a Money Wave Buy Signal, the Investment should pop 3-5% in a few day (SQ popped over 5%). When the Money Wave is > 50 and the Investment is not continuing up, then something might be wrong (maybe the Market might not have bottomed).

So for Short Term Trading we suggest getting out Before you take a Loss, and try to get back in Lower at a later date.

Good trading, and tell your friends!

Posted By AbovetheGreenLine at 12:42 pm Leave a Comment

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

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