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April 23, 2020

Money Wave Alert! Apr 23, 2020

SPX H Chart
The S&P 500 Index needs to Close above 2879 for this rally to continue.

 

Markets were up slightly today as the Leaders tried to exceed last week’s Highs, for this rally to continue. But the Buying Volume was very low, showing a lack of conviction. Not many Leaders are Higher than last week, so far.

If the Markets cannot get above last week’s Highs, then the weaker Indices like the Small Caps, Transports & NYSE could easily go back down once more. This rally from the Lows could be an A-B-C up on Elliott Wave count, and then maybe back down again. All of the major Indices except the NASDAQ 100 are still Below the Green Lines, which is Bearish.

NEW SUBSCRIBERS: The Green Line System has captured many nice trades from the recent March Lows. Be patient and WAIT for the S&P 500 Index and the Leaders to come back down and return to the Green Zones for more Buy Signals soon (it does not take that long).

 

Bonds  were up slightly today.  

Crude Oil was up $3.27 today at $17.05.

 

The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.

BUYS TODAY    4/23/2020    

 

AAPL     APPLE INC.      Money Wave Buy today.  AAPL will not be logged as the Volume is well below average of 55 MIL.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Money Wave Buys Signals Soon (Short Term):   (Best to Buy these when the S&P 500 is also in the Green Zone.)    

 

“JUMP START” Candidates:  (Buy Signal should be very soon… Click on the Jump Start link for more info.)   

ATHX      ATHERSYS INC.    Buy if it Closes above $2.29 on High Volume.

_______________________________________________________________________________________________________________________________________________   

CNC     CENTENE CORP.      Money Wave must Close in the Green Zone.

LLNW     LIMELIGHT NETWORKS INC.     

ZS     ZSCALER INC.      Money Wave must Close in the Green Zone.     

 

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Click on Watch List.

Emotions are very high now, so please do not Buy unless you are VERY NIMBLE.

The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).

___________________________________________________________________________________________________

SELLS TODAY   

 

TMUS     T-MOBILE USA     EXIT on the Close today, or have a tight Sell Stop Loss below it. TMUS is having trouble keeping its Relative Strength > 90.

 

Click for   PORTFOLIO  (Open Positions) and adjust your Sell Stops. 

Click for  CLOSED POSITIONS, 

NEW ETF SECTOR ROTATION SYSTEM   (LINK)

NEW! TOP 100 LIST Updated Mar 31, 2020

 

Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and out of the Green Zone).

Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 %  move in a few days.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

Posted By AbovetheGreenLine at 2:41 pm 2 Comments Tagged With: premium

Comments

  1. jcinvest says

    April 24, 2020 at 10:25 am

    Good morning.

    I am a new member. I was wondering if you also provide buy point when sending us the buy signal.

    Thank you.

    Steve

    Log in to Reply
    • AbovetheGreenLine says

      April 24, 2020 at 10:55 am

      Hi Steve, and thank you for subscribing!

      After the Investment has had a Money Wave Buy Signal, it is ok to Buy the Investment lower as long as the Investment holds above Support.

      Also watch the Money Wave Indicator. Like on VXX now, the Money Wave has cycled from the Green Zone to almost the Red Zone. Don’t normally want to Buy up near the Red Zone.

      VXX LINK

      Log in to Reply

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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