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June 14, 2020

Green Line Weekly Jun 14, 2020

SPX Chart
The S&P 500 Index became too over-bought last week.

06/14/2020 Markets were down for the week as the Indices were over-bought and up in the Red Zones (probably too late to Buy for the Short Term). Now the Indices are returning down near the Red Lines (50-day avgs.) and should bounce up from there and re-test the June Highs.

The Nasdaq 100 Index is the strongest Index and was able to exceed the Feb Highs on Wednesday (with the help of the FAAMNG Stocks). The “Easy Money” from the March Lows might be ending as the Massive FED Printing Chart shows that the Money Supply growth dropped this week, as the FED cannot Print forever.

Please WAIT as the Strongest Leaders are now returning back down to their Green Zones for Money Wave Buy Signals soon.

For the week the Dow was down 5.45%, the S&P 500 was down  4.74%, and the Nasdaq 100 was down 1.59%. The Long Term Trend for the Indices is up. 

The Inflation Index (CRB) was down 3.35% and is Below the Green Line, indicating Economic Weakness.

Bonds  were up 3.97% for the week and are Above the Green Line, indicating Economic Weakness.

The US DOLLAR was up 0.19 % for the week but Closed below the Green Line. 

Crude Oil was down 8.32% for the week at $36.26 and GOLD was up 3.23%  at $1737.30.

_____________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 2 logged Open Positions, for the Short & Medium Term.  There are 6 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 next Daily Green Zone Buy Signal.  All time High is $18.50.

DVAX        DYNAVAX TECH      Wait for next Daily Green Zone Buy Signal.  All time High is $95.00. 

KPTI        KARYOPHARM THERA.      Wait for next Daily Green Zone Buy Signal.  All time High is $49.00.  

LLNW     LIMELIGHT NETWORKS INC.      Buy if it Closes above $5.62 on High Volume.  All time High s $53.40.

RRC     RANGE RESOURCES CORP.       Wait for next Daily Green Zone Buy Signal.  All time High is $92.45.  

______________________________________________________________________________________

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

 

NEW DAY TRADE LIST JUN 13, 2020

TOP 100 LIST JUN 1, 2020

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

ETF Sector Rotation System –  Next Quarterly Rotation will be on June 30, 2020.

Dogs of the DOW System

Long Term Strategy for IRAs & 401k Plans:   

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:  Jerry S. writes “How do I know when to Sell?”

ANSWER:  Hi Jerry.  Please follow the Rules for Selling below based on the Time Frame that you want to be in the Investment:

  1. Short Term: Sell when it Closes below the Pink Line (10-day avg.)
  2. Medium Term: Sell when it Closes below the Red Line (50-day avg.)
  3. Long Term: Sell when it Closes below the Green Line (250-day avg).

Or Follow the PORTFOLIO   (please click) on your daily emails.

Good trading, and tell your friends!

Posted By AbovetheGreenLine at 1:41 pm 2 Comments Tagged With: premium

Comments

  1. pinellasman says

    June 14, 2020 at 4:25 pm

    I like the expansion of the site.
    Where are we with the wave count?
    Peace,
    Ron Davis

    Log in to Reply
    • AbovetheGreenLine says

      June 16, 2020 at 9:05 am

      Thank you Ron!

      Not sure about this Wave Count.

      NYSE Chart

      Log in to Reply

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