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May 20, 2018

Green Line Weekly May 20, 2018

XOP Chart
Energy Stocks are the new Darlings, but Over-Bought.

 

05/20/2018:  Markets were down slightly for the week, as most of the Indices were in the Red Zones (probably too late to Buy for the Short Term). The major indices ended with the Dow down 0.5%, the Nasdaq down by 0.7%, and the S&P 500 down by about 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 Inflation Index (CRB) made New Highs this week at 203.69, and is in a mild Up-Trend.

Bonds are bearish (Below the Green Line and Low Relative Strength) and went back down near Final Support, before bouncing.

The US DOLLAR had a big run last month, and is back Above the Green Line, but over-bought. 

Crude Oil was up 0.95% for the week at $71.37, and GOLD was down 2.23%.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 0 logged Open Positions, for the Short & Medium Term. Most of the Leading Investments were back up in the Red Zones. There are 5 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.

 

SGMO    SANGAMO THERA    Wait for a Daily Close above $16.60, then use Green Line as Sell Stop.

SMH    SEMICONDUCTOR FUND    Wait for next Daily Money Wave Buy Signal.

TCEHY    TENCENT HOLDINGS     Wait for next Daily Money Wave Buy Signal.

REMX   RARE EARTH FUND    Buy when Daily Closes above $28.62.

___________________________________________________________________________________________

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. 

 

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Posted By AbovetheGreenLine at 12:09 pm Leave a Comment

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