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July 16, 2018

Money Wave Alert! Jul 16, 2018

IWM Chart
Small Caps are Quickly returning to the Green Zone.

 

Markets were mixed today with very little movement.  Most of the Leaders were back up in the Red Zones (probably too late to Buy for the Short Term). 

Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals. 

Crude Oil  was down today at  $68.35. 

_____________________________________________________________________________________

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

 

BUYS TODAY    

ASNA    ASCENA RETAIL GROUP   Money Wave Buy today.  ASNA will not be logged, as it is already up more than 5% today.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Money Wave Buys soon for:

ARLQ   ARQULE, INC.
CRC    CALIFORNIA RESOURCES
DNR    DENBURY RESOURCES    Money Wave must Close in the Green Zone.
KSS    KOHLS CORP.    Money Wave must Close in the Green Zone.
WTW    WEIGHT WATCHERS

 

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

______________________________________________________________________________________

SELLS TODAY   

 

EXIT      UAA    UNDER ARMOUR   if it is going to Close below the Red Line of $21.38.

EXIT      EC    ECOPETROL SA    if it is going to Close below the Red Line of  $20.55.  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 2:37 pm 2 Comments

Comments

  1. ROBERT_1776 says

    July 16, 2018 at 4:16 pm

    How do you much weight do you assign elliot wave counts vs your trending following buy the green pops, sell the red, from a lot of counts your showing we may be terminating the 10 yr bull market soon. I do understand counts are not always accurate and can only be confirmed after the fact.

    cheers, Bob

    Log in to Reply
    • AbovetheGreenLine says

      July 16, 2018 at 4:26 pm

      Good question Bob. Elliott Wave is great when you get the count correct. But there are so many ways to count the Waves. We mainly use the tilt of the Green Line, and High Relative Strength.

      When the 10 year Bull is finally over, the Money will flow somewhere else. The Green Line System Buys the Leaders on pull-backs into the Green Zones.

      There should be plenty of Leaders in the next BEAR ( but the Leaders will not be FAANG Stocks…)

      Inverse Fund Chart.

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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