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April 6, 2017

Money Wave Alert! Apr 6, 2017

QQQ Chart
NAZ 100 is still Holding the Pink Line!

 

We stopped out of most positions yesterday, after the Markets  Reversed down on weakness, and FED talk about the UNWINDING of $4.5 TRILLION of Debt. You need to know about this, because for 8 years the FED BOUGHT Bonds to keep rates low, causing Bonds to make a 35 year High. Now the FED is talking about slowly SELLING back the Debt (maybe over 5 years).  Long term this could flood the Bond Market with too many Bonds for sale, and Interest Rates could go higher than many expect.

Markets were mixed today on low Volume.  The Watch List is growing, as some of the very Strongest have pulled back. Not sure now that the major Indices are still going back up to re-test the recent Highs soon, after yesterday’s Reversal. The Financial & BioTechs are not helping.

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:   CARA   CARA THERA   We will not log, as CARA is already up more than 4%.

ON DECK to Buy soon: Too many to list..  Please click on WatchList   We will email when they are ready.

 

SELLS:   EXIT  ESPR   ESPERION THERA. if it is going to Close Below your Buy Price, or 36.79 .

Please note that EWZ   BRAZIL FUND, and URA URANIUM FUND, were both Stopped Out yesterday, on the FED news. The Uranium Fund is back in the Green Zone again, for possible Buy back soon.

 

 

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 2:43 pm 2 Comments

Comments

  1. FT52 says

    April 6, 2017 at 5:46 pm

    Buy ADI today?

    Log in to Reply
    • AbovetheGreenLine says

      April 6, 2017 at 5:50 pm

      Looks like Relative Strength dropped Below 90, to 85.6 so ADI was not picked up by the Filter.

      ADI Chart

      Thank you for writing!

      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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