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September 23, 2018

Green Line Weekly Sep 23, 2018

DIA Chart
The DOW Index made New Highs this week.

 

09/23/2018:  Markets were up again this week, as the DOW Index finally exceeded the January Highs. However the Markets are over-bought, and it would be better trading for the Markets to correct some towards the Red Lines (50-day avgs.) 

For the week the Dow was up 2.24%, the S&P 500 was up 0.84%, and the Nasdaq 100 was down 0.19%.   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 1.83% and is Above the Green Line, indicating Economic Strength.

Bonds  were down 1.22% for the week and Closed Below the Green Line, indicating Economic Strength.

The US DOLLAR  was down 0.75% for the week, and slipped below the Red Line.

Crude Oil was up 2.59% for the week at $70.78, and GOLD was mixed at $1201.

___________________________________________________________________________________________

MONEY WAVE BUYS SOON:   

We are currently in 5 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 $57.72 (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 $47.92 (50-day avg.)
MU    MICRON TECH    Wait for weekly Close Above the Red Line of $48.87 (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 $33.09 (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 $76.34 (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.

 

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Posted By AbovetheGreenLine at 1:52 pm Leave a Comment

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