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September 16, 2018

Green Line Weekly Sep 16, 2018

SPX Weekly
Weekly Markets are in the Red Zones.

 

09/16/2018:  Markets were up for the week, as the Indices bounced out of their Daily Green Zones, for Short Term Money Wave Buys Signals. The S&P 500 bounced after testing Support at the January Highs of 2872. 

Markets Leaders have not been correcting down enough lately to set up better Money Wave Trades, as Investor Sentiment “Feels Great”.  That will eventually change, and disciplined Investors will be ready to Buy on Pull-Backs.

For the week the Dow was up 0.92%, the S&P 500 was up 1.14%, and the Nasdaq 100 was up 1.55%.   The Long Term Trend on the Stock Markets is UP.

 

The Inflation Index (CRB) was up 0.06% and is Below the Green Line, indicating Economic weakness.

Bonds  were down 0.49% for the week and Closed Below the Green Line, indicating Economic Strength.

The US DOLLAR  was up 0.36% for the week, and should bounce near the Red Line soon.

Crude Oil was up 1.83% for the week at $69.00, and GOLD was mixed at $1201.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 4 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 Buys!

______________________________________________________________________________________________

LONG TERM TRADES 

Most of the longer term favorites below are currently Below their Green Lines, as the Market Internals have narrowed. These tend to do well if they can Bounce up from the Green Lines.

ETFC    E*TRADE FINANCIAL    Wait for weekly Close Above the Red Line of $58.32 (50-day avg.)
HEAR    TURTLE BEACH CORP.    Wait for Weekly Money Wave Close > 20.
INTC    INTEL CORP.    Wait for weekly Close Above the Red Line of $48.20 (50-day avg.)
MU    MICRON TECH    Wait for weekly Close Above the Red Line of $49.79 (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 $34.12 (50-day avg.)
WTW    WEIGHT WATCHERS     Wait for weekly Close Above the Red Line of $77.80 (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.

 

QUESTION:   Chris writes “What is meant by “EXIT    AMZN    AMAZON.COM    if it is going to Close below your Buy Price, or $1987.15.”  Does this mean to ‘exit the position if it closes below your buy price or $1,987.15, whichever is lower OR whichever is higher?’

ANSWER:  
When an Investment goes into a Money Wave Buy, it should Pop up 3-6% in a few days.  Once the Money Wave Indicator (Slow Stochastic) is > 50, and your investment is not Popping, we suggest getting out. (DON’T TAKE A LOSS.)

Maybe the Buy Signal was too early, and the Investment might go lower… This is all based on probabilities… Bet on a bounce and Bag it, or EXIT, for Short Term Trades.

We use the Closing price only to determine the Buy Price… Some subscribers might have had a slightly different entry price. EXIT if Closes LOWER than either price.

Thank you for writing!

Posted By AbovetheGreenLine at 11:30 am Leave a Comment

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