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April 5, 2017

Money Wave Alert! Apr 5, 2017

SPX Chart
Markets are struggling to re-test the Highs!

 

The Markets  “Gapped Up” today, but the Buying is still not powerful. The major Indices are going back up to re-test the recent Highs, but the Financial & BioTechs are not helping.

Markets Failing to make New Highs soon could cause Selling.

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:   MBT   MOBILE TELESYSTEM   We will not log this trade.

ON DECK to Buy soon:  AAOI   Applied Optoelectronics,  CARA   CARA THERA,  CLVS CLOVIS ONCOLOGY,   IMMU   IMMUNOMEDICS INC,  &  NKTR   NEKTAR THERA.  Please click on WatchList   We will email when they are ready.

 

SELLS:    

EXIT  LUK   LEUCADIA FINANCIAL on the Close today, or have a Stop Below the Pink Line of $25.99.

EXIT  BAC   BANK OF AMERICA  if it is going to Close Below the Pink Line of $23.38.

EXIT  NFLX    NETFLIX INC  if it is going to Close Below the Pink Line of $145.15.

EXIT  XLF   FINANCIAL FUND if it is going to Close Below the Pink Line of $23.65.

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 2:34 pm 6 Comments

Comments

  1. kingbd says

    April 5, 2017 at 2:49 pm

    Hi, reason for passing on MBT?

    Log in to Reply
    • AbovetheGreenLine says

      April 5, 2017 at 2:51 pm

      Could be a Market Reversal today… If Mkt closes down.

      Log in to Reply
  2. spirop1 says

    April 5, 2017 at 7:17 pm

    Will you log nvda if it closes above 20 tomorrow

    Log in to Reply
    • AbovetheGreenLine says

      April 6, 2017 at 9:08 am

      We will not log NVDA, since it has a Lower High, and is Below the Red Line.

      The Semiconductor Fund (SMH) is in the Green Zone also, and we will log it when ready.

      NVDA Chart

      Log in to Reply
  3. spirop1 says

    April 6, 2017 at 1:24 pm

    ok thanks

    Log in to Reply
    • AbovetheGreenLine says

      April 6, 2017 at 2:05 pm

      Good trading!

      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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