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January 31, 2019

Money Wave Alert! Jan 31, 2019

SPX Chart
The S&P 500 is finally closing back Above the Green Line.

 

Markets  were mixed today after yesterday’s big rally.  The S&P 500 should close Above the Green Line today, but it is currently very Over-bought on the Short Term.

Please be patient and WAIT for Money Wave Buy Signals. Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).

Crude Oil  was down $0.40 today at  $53.90. 

__________________________________________________________________________________________________

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 Signals Soon:             

RWM    INVERSE SMALL CAP FUND     Medium Term Buy when it Closes above the Red Line (50-day avg.)   

VHC      VIRNEX X HOLDING CO.     Buy when it Closes above the Pink Line (10-day avg.)

VXXB     VIX VOLATILITY INDEX     Medium Term Buy when it Closes above the Red Line (50-day avg.)   

    

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   

 

EXIT    SAVE    SPIRIT AIRLINES    if it is going to Close below your Buy Price, or  $58.49.  This trade was not logged.

    

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 2:38 pm 4 Comments Tagged With: premium

Comments

  1. myamamura says

    January 31, 2019 at 2:56 pm

    The market will be last year OCT high?

    Log in to Reply
    • AbovetheGreenLine says

      January 31, 2019 at 3:05 pm

      Have to wait and see… A lower High would normally be a Sell Signal like in 2000.

      QQQ Chart

      Log in to Reply
  2. ShanghaiBuckeye says

    January 31, 2019 at 3:48 pm

    I understand your criteria for a “Buy” and I read your explanation for a “will not log” but when you issue a buy for a stock with a “will not log” does that mean ultimately, that you do not recommend taking a position in that stock?

    I am new subscriber- one day now and I am intrigued by the ABTGL strategy/ process. Do you have any performance data that you could share with me as to how ABTGL has done vs the S&P 500?

    Thanks,

    Log in to Reply
    • AbovetheGreenLine says

      February 1, 2019 at 12:31 pm

      Thank you for subscribing!

      Q: When you say “you will Not Log the trade” what does that mean?
      A: If the Reward / Risk is not 2:1 or better we will not log the trade (or count it in our Performance Record). Some members want to see every mechanical Money Wave Buy Signal, but the Money Wave pops are usually only good for 3-6 % in the Short Term. If a stock is already up >3%, we will normally Not Log the trade.

      Please refer to the following links on the web site:
      FAQs
      RULES
      Closed Positions

      Good trading, and tell your friends!

      Log in to Reply

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