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May 1, 2018

Money Wave Alert! May 1, 2018

DIA Chart
Markets must Close above the Blue Down Trend Line.

 

Markets were mixed to down today, after selling off early. Tech Stocks were up, with Apple Inc. Earnings out after the Close.

The Markets must now get back Above the Red Lines (50-day avgs.) to bring in more Buying.

Crude Oil  was down today at $67.45.

_____________________________________________________________________________________

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

 

BUYS TODAY    

MLCO    MELCO RESORTS     Money Wave Buy today. MLCO will not be Logged, as it is already up 3% today.

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

 

Money Wave Buys soon for:

ANF    ABERCROMBIE & FITCH    Money Wave must Close in the Green Zone.

ERIC    ERICSSON TELEPHONE

GERN    GERON CORP.    Money Wave must Close in the Green Zone.

 

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   

Change    STX    SEAGATE TECH    to Long Term (Sell Stop Loss Below the Green Line). We will try to get our near the Red Line of $56.50.

Change    ANF    ABERCROMBIE & FITCH   to Medium Term (Sell Stop Loss Below the Red Line of $24.58) on the Close. This trade was not logged.

EXIT    GES    GUESS? INC.    if it is going to Close Below the Pink Line around $22.98. This trade was not logged.

EXIT    RUN    SUNRUN INC.    if it is going to Close Below the Pink Line around $9,06. 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 2:36 pm 2 Comments

Comments

  1. Jaguar2005 says

    May 2, 2018 at 10:53 am

    Hello,

    I’m a recent member with a follow up question. The most recent email from you moved one trade into the long term holding portfolio. Do you designate trades short term or long term before adding a position?

    Thanks in advance.
    Wynn

    Log in to Reply
    • AbovetheGreenLine says

      May 2, 2018 at 10:59 am

      When the Daily Alert goes out, the Signal should state “Money Wave Buy” for most trades, which would be Short Term.

      If the trade is intended for Medium or Long Term, that will be noted on the Alert.

      Thank you for writing!

      Log in to Reply

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

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