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 7, 2020

Money Wave Alert! Feb 7, 2020

SPY-W
The S&P 500 had a Big Rally off the Red Line this week (+ 3%).

 

Markets were down today as the Indices became over-bought on the Short Term near the January Highs.  The Selling was mild and the Volume was low, so normal profit taking.

Today the S&P 500 Index is currently back below the January Highs of 3338. It would be stronger if the S&P 500 could Close above 3338 today and push higher next week for this rally to continue. The Market should be returning back to normal Green Zone – Red Zone trading.

NEW SUBSCRIBERS: Most Leaders & Indices are back up in the Red Zones (probably too late to Buy for the Short Term). Short Term Traders should WAIT for the Leaders to return to their Green Zones for more Money Wave Buy Signals.  The best trades are when the S&P 500 Index is ALSO on the Green Zone, but that still has not happened since October..

Bonds  were up again today. 

Crude Oil was down 0.57  today at $50.38 and is very over-sold.

______________________________________________________________________________________________________

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

BUYS TODAY    2/7/2020    NONE TODAY

 

THERE WILL BE NO LONG TERM BUYS THIS WEEK.

 

Money Wave Buys Signals Soon (Short Term):   (Best to Buy these when the S&P 500 is also in the Green Zone.)    

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

ITCI     INTER-CELLULAR THERA.     Buy if it Closes Above the Pink Line of $22.63 on High Volume.

XBIT     XBIOTECH INC.  (Click for info)    Buy if it Closes Above the Pink Line of $22.29 on High Volume.   

____________________________________________________________________________________________________________      

STNE     STONECO LTD.  (Click for info).

TSG     THE STARS GROUP       Buy if it Closes Above the Pink Line of $24.03 on High Volume.   

 

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 Way Above the Green Lines (all Investments eventually return to their Green Lines).

______________________________________________________________________________________

SELLS TODAY    

 

EURN     EURONAV NV    LOWER the Sell Stop Loss by 10 cents to $9.40. It looks like it might have a Hammer pattern on candlesticks. Target is $11 – $11.50.    

 

GGB      GERDAU USA      EXIT if it is going to Close below the Pink Line around 8.84. This trade was not logged.   

VIPS     VIPSHOP HOLDINGS     EXIT if it is going to Close below your Buy Price, or $13.47.  This trade was not logged.

 

Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops. 

Click for  CLOSED POSITIONS, 

NEW! TOP 100 LIST Updated Jan 28, 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 NICE WEEKEND!

Posted By AbovetheGreenLine at 2:41 pm 4 Comments Tagged With: premium

Comments

  1. rysoonok@hotmail.com says

    February 8, 2020 at 1:22 pm

    Hi,
    About BMY(Feb 5th email), it was a good idea to hold on EPS day.
    What made you to think they would get a good earnings?

    Thanks in advance

    Log in to Reply
    • AbovetheGreenLine says

      February 8, 2020 at 2:36 pm

      Thanks.

      They usually re-test the recent Highs, and rarely does a big stock like BMY get a 94 Relative Strength.

      Log in to Reply
      • rysoonok@hotmail.com says

        February 10, 2020 at 3:33 pm

        Thank you for the respond.
        I learn a lot from you every day.

        Log in to Reply
        • AbovetheGreenLine says

          February 11, 2020 at 9:09 am

          Welcome!

          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