Above The Green Line

  • Commentary
    • BUY / SELL SIGNALS
      • Stock Alerts
    • DIVGRO BLOG
    • ETF SECTOR BLOG
    • DOW DOGS BLOG
    • NEWS
    • STOCK IDEAS
  • Strategies
    • SWING TRADING
      • CURRENT POSITIONS
      • WATCHLISTS
      • CLOSED POSITIONS
      • CANDIDATES – TOP 100
      • SPECIALTY STOCKS
    • DAY TRADING
      • Watch List
    • DIVIDEND GROWTH
      • Dividend Growth Portfolio
      • Dividend Calendar
    • DOGS OF THE DOW
      • Dogs of the Dow Portfolio
      • DOW 5 Portfolio
    • ETF SECTOR ROTATION
      • ETF Sector Portfolio
  • Markets
    • US MARKET
      • Commodities
      • Energy
      • Precious Metals
      • Volatility
    • GLOBAL MARKETS
      • MARKET INDICES
      • ECONOMIC CALENDAR
      • FOREX HEAT MAP
      • FOREX CROSS RATES
      • CRYPTOCURRENCY MARKET
    • DASHBOARD
    • IDEAS
  • Investing
    • FORUM
  • Resources
    • ARTICLES
    • WEEKLY STOCK
    • RETIREMENT PLANNING
    • BLOGROLL
    • FAQ
  • About
    • CONTACT US
    • HOW TO WIN
    • #1 AT STOCKCHARTS
  • Log In
  • Subscribe

February 10, 2017

Money Wave Alert! Feb 10, 2017

More Buying on S&P 500.

 

The Markets are up again today, and Buyers are afraid they will miss the UP train! The S&P 500  has rallied above the 2301 High of Jan. 26th to 2319.  That makes 2301  Support for next week… Watch out if the Support does not hold (not many good New Highs in stocks).

The Reward / Risk  ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.

We are waiting for the S&P 500 to correct back down near the Red Line (50-day avg.) to set up for a good bounce.

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

FCX  FREEPORT-MCMORAN   Money Wave Buy today.  We will not log, as it is Way Above the Green Line.

MFC  MANULIFE FINANCIAL   Money Wave Buy today. We will not log, as it is Way Above the Green Line.

NBR   NABORS INDUSTRIES   Money Wave Buy today.

TECK   TECK RESOURCES   Money Wave Buy today. We will not log, as it is already up 5.88% today.

 

ON DECK to Buy soon:   STM   STMICROELECTRONICS    We will email when they are ready.

 

SELLS

EXIT  VALE  VALE SA   today on the Close, or put in a tight Sell Stop Loss (Up 5% today).

 

Please monitor the OPEN POSITIONS Page and update your Sell Stop Losses. Several are back up in the Red Zones.

Click for  WATCH LIST   

Click for  OPEN POSITIONS

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.

About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.

Posted By AbovetheGreenLine at 2:42 pm 3 Comments

Comments

  1. charlyan says

    February 11, 2017 at 3:35 am

    Hello ,
    i am new on the site and may be i have missed something about the trading system applied.
    Actually, i will appreciate to understand the open positions of the money wave buy of 10 of february,
    Bottom line : why ,FCx and MFC are way above the Green line and NBr is not ?
    I do not see the difference.
    Thank You
    Carlo

    Log in to Reply
    • AbovetheGreenLine says

      February 12, 2017 at 10:15 am

      Welcome Carlo, and thank you for writing!

      Alls 3 stocks are Way Above the Green Line, and with the Markets already on record Highs, we are reluctant to Buy much.

      The Energy stocks have pulled back as a group… Usually we “Buy on the Dips” for a trade back up to Re-test the recent Highs.

      NBR is the only trade that we want to log for our Closed Position track record (we need to make up a recent loss on NBR that we took last week).

      NBR should re-test the recent Highs again, once it officially bottoms, since the Relative Strength is still 95.

      Good trading, and tell your friends!

      Log in to Reply
  2. charlyan says

    February 13, 2017 at 2:34 am

    Thank you for your reply.
    Have a nice day
    Carlo

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

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

  • Money Wave Alert! Mar 24, 2023 – InvFuture Education on Money Wave Alert! Mar 24, 2023
  • Money Wave Alert! Mar 23, 2023 – InvFuture Education on Money Wave Alert! Mar 23, 2023
  • Target was Hit on Coty Inc. (COTY) for a 4.7 % Gain. – InvFuture Education on Target was Hit on Coty Inc. (COTY) for a 4.7 % Gain.
  • Money Wave Alert! Mar 22, 2023 – InvFuture Education on Money Wave Alert! Mar 22, 2023
  • Money Wave Alert! Mar 21, 2023 – InvFuture Education on Money Wave Alert! Mar 21, 2023

Become a Green Liner!
Become a Green Liner!

Help me make more Money in the Stock Market.

Above the Green Line

ON ATGL

  • Weekly Commentary
  • Intraday Buy / Sells
  • Day Trade Setup

STRATEGIES

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

HELP

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

© Copyright 2021 · AboveTheGreenLine.com · All Rights Reserved · Privacy · Terms · Contact · WatchList · Current