Markets “Gapped Up’ on Good News and Break Out buying as the S&P 500, NASDAQ, and Small Cap Indices made New Highs again today on lower Volume. Very few individual stocks are making New Highs.
The DOW Transport Index made new Highs, but the DOW Industrial Index has not (DOW Theory).
The Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
Please be patient and WAIT for the Leaders and Indices to return to their Green Zones for Money Wave Buy Signals.
Crude Oil was up today at $68.90.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
CTL CENTURYLINK INC. Money Wave Buy today. CTL will not be logged, as the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
KDP KEURIG DR. PEPPER Buy when KDP Closes above the Pink Line.
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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
EXIT HRTX HERON THERA. if it is going to Close below the Pink Line around $38.81. This trade was not logged.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
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. We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Hi, I cash out all last week. I still wait to buy stocks another few weeks since I agree your comments and feel falling. I know most of people want to buy a stock since they expect more getting high. I know, usually in this situation, it is danger. However if you see the good volume for market and it is safe to buy, please let us know.
Maybe refer to the Chart below… The Buy Signals are rare, but very few Investors normally have the discipline to wait, or much Cash to Buy in the Green Zones
Longer Term Buy Signal Chart
Why don’t you take gains earlier, do you wait for potentially higher gains.
Thanks
Feel free to EXIT your Investment early in the Red Zone.
Most subscribers tend to want to go for larger Gains, so we normally wait to be Stopped Out by the RULES..
That’s what I thought
Thanks
Hi, On August 27th CTL triggered the buy rules but wasn’t Logged due to “volume below average”. This happens often as well with other Tickers where they aren’t logged due to volume average. Im curious and am having a difficult time on how you come to that decision. Do you use a Volume Moving average for example?
Thank You.
This might very well be the year I would have to to make a donation to the ASPCA. So far my first positive year thanks to Abovethegreenline
Hi Michael. High Volume CONFIRMS that many agree on the Investment timing.
Low Volume can say that maybe you are “forcing” a trade, when it is not quite ready.
CTL is down today, and this time the Money Wave Buy Signal will probably be logged, if the Volume is good.
CTL Chart