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August 8, 2018

Money Wave Alert! Aug 8, 2018

SPX W Chart
Smart Money Bought on FEAR and Bad News at the Green Line.

 

ATTENTION NEW SUBSCRIBERS: As usual, we get many more Subscribers after a Big 11% Market Rally. The last time the S&P 500 was up here, it quickly lost 11% to profit taking. Please do not expect the Green Line System to make you some great trades, when the Strong Investments are Way Above the Green Line… Please have patience and WAIT FOR BAD NEWS to Buy like in March- April (see Chart above).

 

Markets  were mixed today as most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). Recent Money Wave Pops have been weak, indicating an over-bought Market.

Indices like QQQ (Nasdaq 100) XLK (Tech Fund) and FDN (Internet Fund) need to make New Highs soon for the Markets to remain healthy.

Please be patient and WAIT over-sold opportunities! 

Crude Oil  was down today at  $66.90. 

_____________________________________________________________________________________

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

 

BUYS TODAY   NONE TODAY

Money Wave Buys soon for:  

MPC    MARATHON PETE.    Money Wave must Close in the Green Zone.

NOV    NAT’L. OILWELL VARCO

ZGNX    ZOGENIX, INC.    Money Wave must Close in the Green Zone.

 

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).

______________________________________________________________________________________

SELLS TODAY    

 

EXIT   FOXA    21st CENTURY FOX    if it is going to Close below your Buy Price, or $45.38.

EXIT    WLL    WHITING PETE.   if it is going to Close below the Pink Line around $48.09.

 

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.

 

Posted By AbovetheGreenLine at 2:36 pm Leave a Comment

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

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