Above the Green Line -01
  • Market Insights
        • Commentary
          • Daily
          • Weekly
        • BUY / SELL SIGNALS
          • Trade Posts
          • Recent Trade Alerts
          • Recent Day Trades
        • BLOGROLL
          • Dividend Growth Blog
          • ETF Sector Blog
          • Dow Dogs
          • TPOW Blog
  • Strategies
        • SWING TRADING
          • Current Positions
          • Watchlists
          • Closed Positions
          • Candidates - TOP 100
          • Specialty Stocks
        • WEEKLY STOCK PICK
          • TPOW Charts
          • TPOW Performance
          • TPOW Strategy Guide
          • TPOW Performance Dashboard
        • DAY TRADING
          • Watch List
        • ATGL DASHBOARD
        • ETF STRATEGIES
          • ETF Sector Rotation
          • ETF Sector Portfolio
        • DIVIDEND GROWTH
          • Dividend Growth Portfolio
          • Dividend Calendar
        • DOGS OF THE DOW
          • Dogs of the Dow Portfolio
          • DOW 5 Portfolio
  • Markets
        • US MARKET
          • Commodities
          • Energy
          • Precious Metals
          • Volatility
        • GLOBAL MARKETS
          • Market Indices
          • Economic Calendar
          • FOREX Heat Map
          • FOREX Cross Rates
          • Crypto Currency Market
  • Investing
    • Discord Community
    • Dashboard
  • Resources
        • ARTICLES
          • Dividend Growth Model Articles
          • ETF Articles
          • Investment Strategies Articles
          • Market and Economic Insights
          • Stock Trade Articles
          • Stock Reviews
        • TOOLS
          • Stock Scanners
          • Charting Software
          • Brokerage Firms
        • STOCK CHARTS
          • Key Components
          • Reading Charts
          • Drawing Stock Charts
          • Identifying Trends
        • RETIREMENT PLANNING
  • About
    • Contact Us
    • How to Win
    • #1 At Stockcharts
    • Disclaimer
    • FAQ
  • Log In
  • Subscribe

May 24, 2020

Green Line Weekly May 24, 2020

SPX W Chart
Market Rally from the March Lows is now Over-Bought.

 

05/24/2020 Markets were up for the week as the S&P 500 Index was able to Close Above the Green Line, along with the Nasdaq 100 Index.  The weaker Indices (DOW 30 Index, Small Caps, Transports, & NYSE)  are still Below the Green Lines and would normally go back down to re-test the March Lows. But we currently have two reasons why the Markets are holding up: 1.) Massive FED Printing and 2.) No Alternative Investment (NAI). 

Most of the Strongest Leaders are now Way Above the Green Lines again, like they were at the January Highs. So the Markets will probably struggle for a while to relieve the Over-Bought condition (see Chart above). If you don’t stay in sync with Red Zone / Green Zone of the Chart above (Buy Green Zone / Sell Red Zone), then you might not make much more Money this year in the Indices.

When the Economy improves, then historically Bonds would sell off from Inflation Fears and the lower prices on Bonds would make them more competitive with Stocks. Also with all of the FED Printing, Inflation could finally return and confirm why Gold and Gold Mining Funds (GDX) are making New Highs (and Silver up 15 % this week).

For the week the Dow was up 3.36%, the S&P 500 was up 3.20%, and the Nasdaq 100 was up 2.86%. The Long Term Trend for the Indices is mixed. 

The Inflation Index (CRB) was up 3.84% and is Below the Green Line, indicating Economic Weakness.

Bonds  were down 0.70% for the week and are Above the Green Line, indicating Economic Weakness.

The US DOLLAR was down 0.70 % for the week. 

Crude Oil was up 12.64% for the week at $33.25 and GOLD was down 1.18%  at $1735.50.

_____________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 3 logged Open Positions, for the Short & Medium Term.  There are 7 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      YAMAHA GOLD      Wait for next Daily Green Zone Buy Signal.  All time High is $18.50.

GDX     GOLD MINING FUND      Wait for next Daily Green Zone Buy Signal.  All time High is $62.

KALA     KALA PHARM.          Wait for next Daily Green Zone Buy Signal.    

LLNW     LIMELIGHT NETWORKS      Buy if it Closes above $5.38 on High Volume.

______________________________________________________________________________________

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

 

NEW DAY TRADE LIST MAY 15, 2020

TOP 100 LIST MAY 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 –  Quarterly Rotation was on Apr 1, 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:  Juanita writes “Does the ATGL website list previously posted (or all) “recent comments,” not just the two to three most current ones?  I  find reading those comments and replies very helpful, but I frequently miss them because I am not on the computer trading every day.  Is there somewhere on the website I can find older postings to  review?”  

ANSWER:  Yes Juanita, all emails are available on the Main Menu of the web site under Commentary for weekly, and Buy / Sell Signals for Daily.

Good trading and tell your friends!

Related Post

– Green Line Weekly May 17, 2020

Subscribe to Our Newsletter

AGL Logo

Get our eBook Now!

Candlestick - A Swing Traders Friend

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

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

  • ATGL Weekly Money Flow - 2025-05-11 on ATGL Top Pick of the Week! Apr 6, 2025
  • ATGL Weekly Money Flow - 2024-06-19 on Day Trading vs Swing Trading: Which One Is More Worth It?
  • AbovetheGreenLine on Green Line Weekly Aug 27, 2023
  • lbrodt on Green Line Weekly Aug 27, 2023
  • Mitch Van Zelfden on Money Wave Alert! Jul 31, 2023

Become a Green Liner!
Become a Green Liner!

Help me make more Money in the Stock Market.

ON ATGL

  • DashBoard
  • Weekly Commentary
  • Daily Buy / Sell Signals
  • Day Trade Setup
  • Trading Rooms

Design & Develop By Pixelvect

STRATEGIES

  • Swing Trading
  • ATGL Pick of the Week
  • Dividend Growth
  • ETF Sector Rotation
  • Dogs of the Dow

HELP

  • ATGL Trading Rules
  • FAQ
  • Account Maintenance
  • Contact US
  • Join

FOLLOW US

Instagram Linkedin Twitter Facebook

© COPYRIGHT 2024 · ABOVETHEGREENLINE.COM · ALL RIGHTS RESERVED · PRIVACY · TERMS · CONTACT · WATCHLIST · CURRENT