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April 4, 2017

Money Wave Alert! Apr 4, 2017

AMZN Chart
Amazon is Holding the Market up!

 

The Markets  can’t decide if the Economy is getting stronger or weaker… The recent Bond bounce, and the Financial & Commodity drop shows weakness. The Economy needs to show faster growth for higher Interest Rates and Inflation, which are indicators of a robust Economy.

The major Indices should go back up to re-test the recent Highs, but last week’s Low of 2322 must hold on this move down.

The Reward / Risk  ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.

 

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

BUYS TODAY:   NONE TODAY

ON DECK to Buy soon:  AAOI   Applied Optoelectronics,  CLVS CLOVIS ONCOLOGY,  EWP   SPAIN FUND,  IMMU   IMMUNOMEDICS INC,  MBT   MOBILE TELESYSTEM, and SAN   BANCO SANTANDER. Please click on WatchList   We will email when they are ready.

 

SELLS:    

EXIT  LUK   LEUCADIA FINANCIAL if it is going to Close Below the Pink Line of $25.93.

EXIT  BAC   BANK OF AMERICA  if it is going to Close Below the Pink Line of $23.35.

EXIT  NFLX    NETFLIX INC  if it is going to Close Below the Pink Line of $145.01.

EXIT  XLF   FINANCIAL FUND if it is going to Close Below the Pink Line of $23.63.

 

Click for  PORTFOLIO  (Open Positions)

Click for  CLOSED POSITIONS

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

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.

About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.

Posted By AbovetheGreenLine at 2:36 pm 4 Comments

Comments

  1. mikebass says

    April 5, 2017 at 1:56 pm

    AAOI is down over 9% today with very heavy volume. Any thoughts as to what’s going on?

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    • AbovetheGreenLine says

      April 5, 2017 at 2:01 pm

      Maybe Flushing Tammy out, who bought at $60, and then coming down so we can dip in if it bounces near the Red Line?

      AAOI Chart

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      • mikebass says

        April 5, 2017 at 2:35 pm

        Sounds like a plan! Looks like there’s going to be an opportunity soon… Just strange to see the heavy volume on a down day.

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        • AbovetheGreenLine says

          April 5, 2017 at 2:37 pm

          Yes, High Volume is Bearish!

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

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