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

June 3, 2018

Green Line Weekly Jun 3, 2018

SPX Weekly
S&P Weekly Chart is in the middle of the Bollinger Bands.

 

06/03/2018:  Markets were up slightly for the week, after the S&P 500 went down and bounced off the Red Line (50-day avg.) For the week, the Dow declined 0.5%, the Nasdaq rose 1.6% and the S&P 500 gained 0.5%.

The major Indices are Above the Red Lines (50-day avgs.) and could re-test the Highs in a month or two. Closing Below the Red Lines would be “Bearish”. The Long Term Trend is UP.

The Strong Energy Sector bounced up from the Green Zones for some Money Wave Buys last week.

The Inflation Index (CRB) is correcting back down to the Red Line, but is in a mild Up-Trend.

Bonds had a another big rally, and were back Above the Green Line for 3 days this week before failing. Is the Economy slowing down?

The US DOLLAR  is still strong, but over-bought. 

Crude Oil was down another 3.05% for the week at $65.81, and GOLD was down 0.34%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 5 logged Open Positions, for the Short & Medium Term. Most of the Leading Investments are back up in the Red Zones. There are 3 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

The Funds below are correcting down to their Green Lines, but the Relative Strength is remaining high. These tend to Bounce nicely when the weekly Money Wave crosses up > 20.

 

ITB    HOME BUILDING FUND    Wait for Daily Close above $39.61.

REMX   RARE EARTH FUND    Wait for Daily Close above $28.62.

SCCO    SOUTHERN COPPER    Wait for Weekly Money Wave Buy > 20.

SGMO    SANGAMO THERA    Wait for a Daily Close above $16.60, then use Green Line as Sell Stop. (Closed at $16.60 on Friday).

TCEHY    TENCENT HOLDINGS     Wait for next Daily Money Wave Buy > 20.

WB    WEIBO CORP.     Wait for weekly Close Above the Red Line (50-day avg.)

___________________________________________________________________________________________

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 higher, when the S&P 500 is down near the Green Line. 

 

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

 

QUESTION:  “I am puzzled by the SGMO SANGAMO THERA buy recommendation as the SCTR score is only 37.5?”

ANSWER:   Thank you for writing. The SCTR rank from Stock Charts is weighted too much to the last 90 days of trading. We prefer the longer term Relative Strength from Investor’s Business Daily or http://www.etfscreen.com.

But the Relative Strength of SGMO at IBD is still only 80. (Also there are 2 values of SCTR on StockCharts’ Chart… The lower one is a 155 day moving average which is 84. Please use that one).

We will probably amend the Rules on Long Term Trading to only 80 R S, as very few Investments stay up at 90 R S after correcting down to the Green Line.

SGMO Chart

Posted By AbovetheGreenLine at 12:28 pm Leave a Comment

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