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November 18, 2018

Green Line Weekly Nov 18, 2018

SPX Weekly
S&P 500 Needs to Close above the blue Down-Trend Line.

 

11/18/2018:  Markets were down for the week, as the Indexes were over-bought on the Short Term.  The Markets are going back down to re-test the recent Lows. So far the Selling has been much weaker this time down, and the Strongest Leaders that are holding Above the Green Line + Above 90 Relative Strength should go back up to re-test the September Highs.

Investments that are struggling Below the Green Line should probably be Sold on the next rally.

Money does not seem to be leaving the Markets, just rotating into Defensive Investments like XLP Consumer Staple Fund and XLU Utility Fund.

For the week the Dow was down 2.22%, the S&P 500 was down 1.45%, and the Nasdaq 100 was down 2.45%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was down 1.15% and is Below the Green Line, indicating Economic Weakness.

Bonds  were up  1.19% for the week and are Below the Green Line, indicating Economic Strength.

The US DOLLAR  was down 0.31%, and is currently over-bought.

Crude Oil was down 5.83% for the week at $56.68, and GOLD was up at $1223.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 9 logged Open Positions, for the Short & Medium Term.  There are 5 Investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

______________________________________________________________________________________________

LONG TERM TRADES 

The Long Term List has become large, and if the Investments below can Bounce up off the Green Line with Above 80 Relative Strength, some could re-test their Highs.

AAPL    APPLE INC.      Wait for weekly Close Above the Red Line of $209.60 (50-day avg.)     
ADBE    ADOBE SYSTEMS    Wait for weekly Close Above the Red Line of $248.48 (50-day avg.)   
ARWR    ARROWHEAD PHARMA.     Wait for weekly Close Above the Red Line of $14.50 (50-day avg.)      
CRM    SALESFORCE.COM    Wait for weekly Close Above the Red Line of $140.40 (50-day avg.) 
CVNA   CARVANA CO.    Wait for weekly Close Above the Red Line of $48.33 (50-day avg.)    
FDN    INTERNET FUND     Wait for weekly Close Above the Red Line of $129.99 (50-day avg.)     
FOSL    FOSSIL GROUP    Place Buy Stop Order above $24.28 on the Close.   
FTNT    FORTINET INC.    Wait for weekly Close Above the Red Line of $77.83 (50-day avg.)     
OKTA    OKTA, INC.    Wait for weekly Close Above the Red Line of $59.17 (50-day avg.)   
QQQ    NASDAQ 100 Fund    Wait for weekly Close Above the Red Line of $173.35 (50-day avg.)    
URBN    URBAN OUTFITTERS    Place Buy Stop Order above $41.77 on the Close. 
WWE    WORLD WRESTLING    Wait for weekly Close Above the Red Line of $76.04 (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 better, when the S&P 500 is down near the Green Line. 

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

 

QUESTION:    Jim writes “Hi there, I am a member but am still confused on how best to react to these emails. Thanks.”

ANSWER:    Hi Jim! 

The Green Line System Buys High Volume & High Relative Strength Investments when they pull-back (Into the Green Zone).

Investments that are in the Green Zone (or On Deck) are on the Watch List. for you to Study.

When the Investment has a Buy Signal (Money Wave Closing above the Green Zone, we send out an email or text before the Mkt. Close.

Then Buy the Investment, and put in the Sell Stop Loss (Stop is based on Closing price)… Then Monitor the PORTFOLIO Page to update your Stop Loss, or wait for Email to Sell.

It is that Simple!

Good trading, and tell your friends!

Posted By AbovetheGreenLine at 1:48 pm Leave a Comment

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