Above the Green Line -01
  • Market Insights
        • Commentary
          • Daily
          • Weekly
        • BUY / SELL SIGNALS
          • Trade Posts
          • Recent Trade Alerts
          • Recent Day Trades
        • BLOGROLL
          • Dividend Growth Blog
          • ETF Sector Blog
          • Dow Dogs
          • TPOW Blog
  • Strategies
        • SWING TRADING
          • Current Positions
          • Watchlists
          • Closed Positions
          • Candidates - TOP 100
          • Specialty Stocks
        • WEEKLY STOCK PICK
          • TPOW Charts
          • TPOW Performance
          • TPOW Strategy Guide
          • TPOW Performance Dashboard
        • DAY TRADING
          • Watch List
        • ATGL DASHBOARD
        • ETF STRATEGIES
          • ETF Sector Rotation
          • ETF Sector Portfolio
        • DIVIDEND GROWTH
          • Dividend Growth Portfolio
          • Dividend Calendar
        • DOGS OF THE DOW
          • Dogs of the Dow Portfolio
          • DOW 5 Portfolio
  • Markets
        • US MARKET
          • Commodities
          • Energy
          • Precious Metals
          • Volatility
        • GLOBAL MARKETS
          • Market Indices
          • Economic Calendar
          • FOREX Heat Map
          • FOREX Cross Rates
          • Crypto Currency Market
  • Investing
    • Discord Community
    • Dashboard
  • Resources
        • ARTICLES
          • Dividend Growth Model Articles
          • ETF Articles
          • Investment Strategies Articles
          • Market and Economic Insights
          • Stock Trade Articles
          • Stock Reviews
        • TOOLS
          • Stock Scanners
          • Charting Software
          • Brokerage Firms
        • STOCK CHARTS
          • Key Components
          • Reading Charts
          • Drawing Stock Charts
          • Identifying Trends
        • RETIREMENT PLANNING
  • About
    • Contact Us
    • How to Win
    • #1 At Stockcharts
    • Disclaimer
    • FAQ
  • Log In
  • Subscribe

August 17, 2020

Money Wave Alert! Aug 17, 2020

XRT Chart
The Retail Fund (XRT) made a High today.

Markets were slightly higher today as the S&P 500 Index is trying again to get up to the Feb High. Markets seem to be waiting on more Stimulus Fuel to go higher, but Congress is not helping. Many Leading Stocks pulled back recently to create Money Wave Buy Signals, but several of them Gapped Up more than 4% today which makes the Buying difficult. 

Normally the S&P 500 Index will have profit taking up around the Feb Highs and it needs to stay above the Pink Line (10-day avg.) of 3354, to remain Bullish.

Please WAIT for more Leaders to pop up out of the Green Zones for Money Wave Buy Signals soon. The better trades happen when the S&P 500 Index is also in the Green Zone. (Now the S&P 500 is back up in the Red Zone).

Please remember that the Markets are up 51% from the March Lows, and are over-bought from “Good News” Buyers. 

Bonds  were up today. 

Crude Oil was down $0.96 today at $42.84.

BUYS TODAY    8/17/2020   

OPK      OPKO HEALTH INC.       Bought above $5.05 today with a 5% Trailing Sell Stop Loss.  Target is $6.00. EXIT is it falls more that 5% from the current High.       

VBIV      VBI VACCINES INC.      Bought above $3.84 today with a 5% Trailing Sell Stop Loss.  Target is $5.75. EXIT is it falls more that 5% from the current High.   

   

GDX      GOLD MINERS FUND       Gapped Up 4% today. GDX will not be logged as it is already 9.8% above Support.

IAU      GOLD FUND       Money Wave Buy today.  IAU will not be logged as the Volume is below average of 26.8 MIL.

KGC      KINROSS GOLD CORP.       Gapped Up 4.5% today. KGC will not be logged as it is already 9.6% above Support.

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

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

MRNA      MODERNA INC.

VXRT     VAXART INC.      2nd Money Wave entry soon.

____________________________________________________________________________________________________________________________________________________  

WATCH LIST

Money Wave Buys Signals Soon (3 Days-3 Weeks Short Term):   (Best to Buy these when the S&P 500 is also in the Green Zone.)       

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

ABUS      ARBUTUS BIOPHARMA       Buy above $3.97 with 5% Trailing Sell Stop Loss.

IBIO      IBIO INC.     

KODK      EASTMAN KODAK CO.     Buy above $11.35 with 5% Trailing Sell Stop Loss.

SLV      SILVER FUND      Money Wave must Close in the Green Zone.  

WKHS      WORKHORSE GROUP INC.      Buy above $15.98 with 5% Trailing Sell Stop Loss.

Please be patient and wait for Money Wave

Buy Signals.  We will email you when they are ready. Follow on the 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   

SHLL      TORTOISE ACQUISITION      Target of $27.00 was Hit for 35.7 % Gain. This trade was not logged.

Click for  CURRENT POSITIONS  and adjust your Sell Stops.   
Click for  CLOSED POSITIONS,   

NEW PENNY STOCK WATCH LIST
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM   
NEW TOP 100 LIST Updated Aug 4, 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. 

Related Post

– Money Wave Alert! Aug 14, 2020

Subscribe to Our Newsletter

AGL Logo

Get our eBook Now!

Candlestick - A Swing Traders Friend

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Voted #1 at Stock Charts

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

Help Us Help Animals

Help Us Help Animals

Recent Comments

  • ATGL Weekly Money Flow - 2025-05-11 on ATGL Top Pick of the Week! Apr 6, 2025
  • ATGL Weekly Money Flow - 2024-06-19 on Day Trading vs Swing Trading: Which One Is More Worth It?
  • AbovetheGreenLine on Green Line Weekly Aug 27, 2023
  • lbrodt on Green Line Weekly Aug 27, 2023
  • Mitch Van Zelfden on Money Wave Alert! Jul 31, 2023

Become a Green Liner!
Become a Green Liner!

Help me make more Money in the Stock Market.

ON ATGL

  • DashBoard
  • Weekly Commentary
  • Daily Buy / Sell Signals
  • Day Trade Setup
  • Trading Rooms

Design & Develop By Pixelvect

STRATEGIES

  • Swing Trading
  • ATGL Pick of the Week
  • Dividend Growth
  • ETF Sector Rotation
  • Dogs of the Dow

HELP

  • ATGL Trading Rules
  • FAQ
  • Account Maintenance
  • Contact US
  • Join

FOLLOW US

Instagram Linkedin Twitter Facebook

© COPYRIGHT 2024 · ABOVETHEGREENLINE.COM · ALL RIGHTS RESERVED · PRIVACY · TERMS · CONTACT · WATCHLIST · CURRENT