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 7, 2020

Money Wave Alert! Aug 7, 2020

SPY Chart
The S&P 500 Index is back up to the Feb Resistance.

Markets were slightly lower today, as the Momentum Stocks had some profit taking. The S&P 500 Index is almost back up to the Feb Highs and the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). The Volume is low again today as Smart Money is not Buying up near the Feb Resistance. The S&P 500 Index needs to stay above the Pink Line (10-day avg.) of 3285, to remain Bullish.

Please WAIT for the Leaders to return back down into the Green Zones for Money Wave Buy Signals. 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).

NEW PENNY STOCK WATCH LIST     This list has some new entries.

Please remember that the Markets are up 50% from the March Lows, and are over-bought from “Good News” Buyers. 

Bonds  were down today. 

Crude Oil was down $0.48 today at $41.47.

BUYS TODAY    8/7/2020   NONE TODAY

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

KODK      EASTMAN KODAK      Buy above $17.50 with a Trailing Sell Stop Loss 5% below. 

____________________________________________________________________________________________________________________________________________________  

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.   

APT      ALPHA PRO TECH

IBIO      IBIO INC.      2nd Money Wave Buy soon.

NK      NANTKWEST  INC.

OMI      OWENS & MINOR INC.

TDOC      TELADOC HEALTH

UONE      URBAN ONE INC.      Buy above $14.50 with a Trailing Sell Stop Loss 5% below.     

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   

ANGI      ANGIE’S LIST INC.       EXIT if it is going to Close below the Pink Line around $15.54.

AU     ANGLOGOLD LTD      Lower the Sell Stop Loss below the Red Line of $30.05 on the Close.

DVAX      DYNAVAX TECH      EXIT if it is going to Close below the Pink Line around $8.59.

NFLX      NETFLIX INC.      EXIT if it is going to Close below the Pink Line around $495.36.

 

CRWD     CROWDSTRIKE HOLDINGS      EXIT if it is going to Close below the Pink Line around $110.25.  This trade was not logged. 

IBIO      IBIO INC.       EXIT if it is going to Close below Support of $4.00.  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.   

 

HAVE A SAFE WEEKEND!

Related Post

– Money Wave Alert! Aug 6, 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