
The Markets are mixed today, after filling more of the “GAP UP” from Wednesday’s panic buying. The Indices are still Above the Pink Lines (10-day avgs.) which avoids Short Term Sell Signals.
The NASDAQ 100 is currently the Strongest major Index. When the NASDAQ 100 returns down near it’s Red Line, there should be a decent trade back up to the Highs.
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.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
EWZ BRAZIL FUND Money Wave Buy today.
ON DECK to Buy soon: ARNC ARCONIC INC, CLF CLIFFS NAT’L RES. NFLX NETFLIX INC, PIP PHARM ATHENE. We will email when they are ready.
SELLS
We are LOWERING the Sell Stop on URA to $15.90, as it is sitting right on Top of the Red Line with 94 Relative Strength (for Short Term Portfolio only).
We will have a CHAT ROOM session on Saturday at 11:00 am EDT for those with questions about the Markets.
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.
After reviewing OPEN POSITIONS, I was curious why you did not issue a possible
sell for WDC, in your daily update, as it closed below pink line today.
Thank you.
I show the Pink Line on WDC at $75.86, Dutchy…
I was looking at the Slow Stach., graph below the WDC chart, it appeared to me to have closed below the pink area. However, I see the closing price in $ 77 area would be above that. Thank you.
Yes, the Rule is that the Investment must Close Below the Pink Line, to create a Sell Signal.
Rules here.
I didn’t receive intraday text on buy ewz today. Is my text working?
Yes Ken, a text went out to your T-Mobile # at 5806 at 3:45 EST yesterday.
If you want your message very fast, you should Follow @AboveGreenLine on Twitter.
Some of the phone services, especially Verizon can be slow.
Intra-day Emails and texts usually go out before 3:45 EST.
You can always go to the Green Line web site and find the current Alert on the Main Menu/Commentary/Buy & Sell Signals.
What does the zzz mean
ZZZ is a way to organize the Long Term Buys. See Chart
Thank you for writing!
Thanks That makes sense
You are welcome!
Have a nice weekend.