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October 7, 2018

Green Line Weekly Oct 7, 2018

IWM Chart
The Small Caps are almost down to the Green Line.

 

10/07/2018:  Markets were down for the week, as the Leaders were over-bought and in the Red Zones. Now the Indices are returning back down to the Green Zones, for Money Wave Buys soon.

For the week the Dow was down 0.04%, the S&P 500 was down 1.00%, and the Nasdaq 100 was down 3.00%.   The S&P 500 now  has Support at the January Highs of 2872. The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was up 1.99% and is Above the Green Line, indicating Economic Strength.

Bonds  dumped 3.39% for the week and are Below the Green Line, indicating Economic Strength. INVERSE BOND FUND TBT could be beginning a BULL Market, as it is Above the Green Line + 90 Relative Strength. However, TBT is very Over-Bought.

The US DOLLAR  was up 0.55% for the week, but it has resistance at the August Highs.

Crude Oil was up 1.49% for the week at $74.34, and GOLD was up at $1206.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 4 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 Buys!

______________________________________________________________________________________________

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.

AEO   AMER. EAGLE OUTFITTERS    Wait for Weekly Money Wave Close > 20.
ETFC    E*TRADE FINANCIAL    Wait for weekly Close Above the Red Line of $56.01 (50-day avg.)   
FOSL    FOSSIL GROUP    Wait for weekly Close Above the Red Line of $23.67 (50-day avg.)
HEAR    TURTLE BEACH CORP.    Wait for weekly Close Above the Red Line of $21.58 (50-day avg.)   
HRTX    HERON THERA.    Wait for Weekly Money Wave Close > 20.   
IMMU    IMMUNOMEDICS,  INC.    Wait for Weekly Money Wave Close > 20.
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $47.66 (50-day avg.)
MU    MICRON TECH    Wait for weekly Close Above the Red Line of $47.37 (50-day avg.)
THC    TELNET HEALTHCARE    Wait for Weekly Money Wave Close > 20.
TWTR    TWITTER, INC.    Wait for weekly Close Above the Red Line of $31.55 (50-day avg.)
URBN    URBAN OUTFITTERS    Wait for Weekly Money Wave Close > 20.
WTW    WEIGHT WATCHERS     Wait for weekly Close Above the Red Line of $74.29 (50-day avg.)

___________________________________________________________________________________________

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

 

Alert! Market Risk is High (RedZone). 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.

Posted By AbovetheGreenLine at 1:26 pm Leave a Comment

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