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November 25, 2018

Green Line Weekly Nov 25, 2018

SPX Weekly
S&P 500 Index is down near Support around 2600.

 

11/25/2018:  Last Quarter Great Earnings came out and the HERD bought Stocks Way Above the Green Line on the Good News. Smart Money took profits on the Good News. Now the HERD is Selling as they are finally seeing that the Economy is slowing down (Bad News). Smart Money is waiting to get back into the over-sold Markets if they hold near Support on Bad News.

Probably some Good News coming soon like Not Raising Rates in Dec. by the FED, or a China Trade Agreement (so the Herd can Buy back in).

Markets were down for the week, as the Indexes are going back down to re-test the October Lows. The Strongest Leaders that are holding Above the Green Line should go back up to re-test the September Highs (see Long Term List below).

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

For the week the Dow was down 4.44%, the S&P 500 was down 3.83%, and the Nasdaq 100 was down 4.95%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was down 4.11% and is Below the Green Line, indicating Economic Weakness.

Bonds  were up  0.38% for the week and are Below the Green Line, indicating Economic Strength.

The US DOLLAR  was up 0.62%, and is currently over-bought.

Crude Oil was down 11.04% for the week at $50.42, and GOLD was unchanged at $1223.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 7 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.

   
ADBE    ADOBE SYSTEMS    Wait for weekly Close Above the Red Line of $244.31 (50-day avg.)   
ARWR    ARROWHEAD PHARMA.     Wait for weekly Close Above the Red Line of $14.23 (50-day avg.)      
CVNA   CARVANA CO.    Wait for weekly Close Above the Red Line of $47.30 (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 $76.04 (50-day avg.)     
LULU    LULULEMON ATHLETICA     Wait for weekly Close Above the Red Line of $136.94 (50-day avg.) 
OKTA    OKTA, INC.    Wait for weekly Close Above the Red Line of $57.87 (50-day avg.)   
QQQ    NASDAQ 100 Fund    Wait for weekly Close Above the Red Line of $170.78 (50-day avg.)    
RUN    SUNRUN, INC    Place Buy Stop Order above $13.50 on the Close.   
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 $73.59 (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.

 

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Posted By AbovetheGreenLine at 1:29 pm Leave a Comment

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