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May 12, 2019

Green Line Weekly May 12, 2019

QQQ Chart
NASDAQ 100 is bouncing up off the 50-day avg. (Red Line).

 

HAPPY MOTHER’S DAY

05/012/2019:  Markets were down for the week as the major Indices stalled at the Sept. Highs (Resistance). Then the Indices dropped and returned back down to the Green Zones for Money Wave Buy Signals soon. This is a perfectly normal pull-back.

For the week the Dow was down 2.12%, the S&P 500 was down 2.02%, and the Nasdaq 100 was down 3.30%.  The very Long Term Trend on the Stock Markets is UP.  

The Inflation Index (CRB) was down 1.55% and is Below the Green Line, indicating Economic Weakness.

Bonds were up 0.88% for the week and are Above the Green Line, indicating Economic Weakness.

The US DOLLAR was down 0.04% and is over-bought. 

Crude Oil was down 0.45% for the week at $61.66, and GOLD was up 0.48%  at $1288.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 4 logged Open Positions, for the Short & Medium Term.  There are 11 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

______________________________________________________________________________________________

LONG TERM TRADES 

Buy the Leading Investments that are down near the weekly Green Zones.   

AES    AES CORP.    Wait for a Close above the Red Line of $17.17.   

AU    ANGLOGOLD LTD.  Wait for a Close above the Red Line of $12.61.   

AVP    AVON PRODUCTS      Buy if is Closes above $3.41 on High Volume.   

BSX   BOSTON SCIENTIFIC    Wait for a Close above the Red Line of $37.41.   

CRON    CRONOS GROUP    Wait for a Close above the Red Line of $17.36.   

DXCM   DEXCOM INC.    Wait for a Close above the Red Line of $124.65.   

KTOS   KRATOS DEFENSE   Blew Out this week up, 19% on Earnings. Wait for next Daily Green Zone Buy Signal.     

LLY    ELI LILLY & CO.    Wait for a Close above the Red Line of $120.66.   

 

___________________________________________________________________________________________

 

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 % of stocks above the 50-day avg. is below 20. 

Tell your Friends about the Green Line, and Help Animals

___________________________________________________________________________________________

QUESTION:  Nancy writes  “I would like to know where the relative strength factor is located on the charts.”

ANSWER:  Hi Nancy, the Relative Strength is usually on the bottom left of each Chart  with a Red Box around it (SCTR is StockCharts Technical Rank).  Sometimes we use data from:

Relative Strength Values comes from the SCTR Rank (StockCharts Technical Rank), www.etfscreen.com for ETFs , and Investor’s Business Daily (IBD) for stocks. We prefer the longer term weighting used by www.etfscreen.com and IBD.

Sometimes look for Big Numbers with circle around them…

Good trading, and tell your friends!

Posted By AbovetheGreenLine at 1:13 pm Leave a Comment Tagged With: premium

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