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 3, 2022

Money Wave Alert! Feb 3, 2022

SPY 60 Chart
The S&P 500 Index is probably coming down on Wave 2 of 5 Waves.

Markets were lower today as FaceBook dropped 26 % on weaker than expected Earnings. Most of the Leaders were back up in the Red Zones (probably too late to Buy for the Short term), so we were expecting a Wave 2 pull-back down to re-test last week’s Low. The stronger DOW 30 and S&P 500 Indices have stalled out at normal Resistance near the Red Lines (50-day avgs). 

Normally the Indices that made fresh New Highs in January like the S&P 500 and DOW 30 Indices should  re-test the Highs. Weaker Investments might not get back up past the Red Lines (50-day avgs.)

New Subscribers: We use Charts and Technical Analysis to determine which are the Strongest Investments to own, not free predictions from some guy on the Media. Technical Analysis is new to many, and is simply a way to “Follow the Money”. Historically, predicting is not reliable, so turn off the Volume and watch the Charts to see where Smart Money is going. Please WAIT for more Money Wave Buy Signals soon. The S&P 500 has just popped up 8 % from last Monday’s Low. Money Wave pops work best when the S&P 500 Index is just coming out of the Green Zone.

_________________________________________________________________________________________________________________

BUYS TODAY    2/3/2022    

SARK      INVERSE ARK INNOVATION FUND      Money Wave Buy today, but SARK will not be Bought or Logged as it is already 10.7 % up off of Support (we probably missed it…)     

BUYS TOMORROW – JUMP START STOCKS  Shop for a better price earlier in the day. Only use Jump Start on the same day that a Daily Money Wave Buy Signal will occur.    

KSS      KOHLS CORP.      Wait for Money Wave Close > 20 with High Volume.   

PCG      PG&E CORP.      Wait for Money Wave Close > 20 with High Volume.   

BUYS SOON – CHARTS      WATCH LIST

F      FORD MOTOR CO.      Buy above $21.04 with High Volume with a 5% Trailing Sell Stop Loss below it.  

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Follow on the WATCH LIST.      
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines). 

SELLS TODAY       

BLDR      BUILDERS FIRSTSOURCE      Slipped below the Buy Price and was Stopped Out even. (Don’t Take a Loss!) This trade was not logged.

_________________________________________________________________________________________________________________

DAY TRADING SETUPS.  A few Triple Buy Pops today: CFVI (+9%)  DWAC (+6%) PHUN (+13%) & VXX (+8%).  Try out the New Side by Side layout.   

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds  were down today, and are Below the Green Line.     

Crude Oil was up $1.93 today at $90.19, a New High.

_________________________________________________________________________________________________________________

MY TRADING DASHBOARD 
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM   
New TOP 100 LIST Updated Feb 1, 2022

Many like to Buy the Swing Trades just before the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and up out of the Green Zone).

Don’t Buy if the Investment has already popped up too much. Money Wave Buy Signals 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, or Low Volume. These have more risk.   

Posted By AbovetheGreenLine at 2:45 pm 2 Comments Tagged With: premium

Comments

  1. craig shavlik says

    February 3, 2022 at 3:32 pm

    Just for clarification….wave 2 down to last weeks low…..that was $425 on 1/24…..is that what you mean?

    Log in to Reply
    • AbovetheGreenLine says

      February 3, 2022 at 3:44 pm

      Smart Money Buys on a successful re-test of the Lows. Generally, the less that Wave 2 goes down, the fewer Sellers are left.

      Wave 2 usually gives up 1/2 to 5/8 of Wave 1 up. That would be a Higher Low, which is Bullish and then Smart Money would Enter for Wave 3 up (where all agree).

      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 29, 2023 – InvFuture Education on Money Wave Alert! Mar 29, 2023
  • Money Wave Alert! Mar 28, 2023 – InvFuture Education on Money Wave Alert! Mar 28, 2023
  • Viking Thera. (VKTX) up 58% today. – InvFuture Education on Viking Thera. (VKTX) up 58% today.
  • Money Wave Alert! Mar 27, 2023 – InvFuture Education on Money Wave Alert! Mar 27, 2023
  • Green Line Weekly! Mar 26, 2023 – InvFuture Education on Green Line Weekly! Mar 26, 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