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December 26, 2017

Money Wave Alert! Dec 26, 2017

DIA Chart
The DOW is the Strongest Index now.

 

Markets were down slightly today on slow holiday trading. Money Wave bounces are poor, and the Volume is Low. The major Indices are still holding above their Pink Lines (10-day avgs.) to avoid Short Term Sell Signals. Pajama Boys are in control this week, and love to BUY.

Most Leading Investments are in the Red Zone (probably too late to Buy for the Short Term). Please have Sell Stops below recent Short Term purchases.

When the Markets pull-back, try to Buy Investments that recently made new Highs. 

Crude Oil  is up again today at $59.90, a New High.

_____________________________________________________________________________________

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    NONE TODAY 

         

Money Wave Buys soon for    NTAP   NETWORK APPLIANCE   &    RIOT    RIOT BlOCKCHAIN.   Please be patient and wait for more Money Wave Buys soon.  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   MRVL    MARVELL TECH   if it is going to Close Below your Buy Price, or $22.00.

EXIT   ADMS   ADAMAS PHARM.   if it is going to Close Below your Buy Price, or $34.27.

EXIT   SMH    SEMICONDUCTOR FUND   if it is going to Close Below your Buy Price, or $98.45.

 

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 2 Comments

Comments

  1. Sunwant says

    December 26, 2017 at 6:57 pm

    I develop lists of charts based on your watchlist. Tell me if I’m wrong, but it seems you sometimes mention a stock in the “Ready to buy soon” category that catches me by surprise because it is not on the watch list. Todays examples: RIOT and NTAP. I try to be nimble but I love to do a bit of research. For instance, RIOT appears like a mirage. It could explode further, but it has few assets or value apart from its 600% and rising SP! Wow! Thanks for your thoughts! Appreciate what you do!

    https://www.thestreet.com/story/14407174/1/riot-blockchain-s-story-feels-like-something-out-of-the-dot-com-bubble-era.html

    Log in to Reply
    • AbovetheGreenLine says

      December 27, 2017 at 10:00 am

      Thank you for writing.

      Yes the BitCoin stocks are a symptom of a Stock Market Bubble, and you should be very careful.

      RIOT is strictly a Technical trade (High Volume + High Relative Strength (99 from IBD).

      Investments with High Volume and High RS almost always Re-Test the Highs after a pull-back.

      RIOT

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