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May 26, 2017

Money Wave Alert! May 26, 2017

LL Chart
Looks Like Lumber Liquidators will make it! (Buy on pull-back).

 

The Markets are mixed today before the Memorial Day weekend (Markets will be Closed on Monday).  No Sellers today after the S&P 500 was able to make New Highs on Thursday. 

Most Funds are back up in the Red Zones (probably too late to Buy for the Short Term).
RAISE Cash so you will have Funds to Buy on the next pull-back into the Green Zones.

 

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

BUYS TODAY:  NONE

We will still Buy  MDXG   MIMEDX GROUP   if it goes back down again under $13, with a Sell Stop at $12.60 on the Close. 

Money Wave Buy Signals soon:     MOMO   MOMO INC. &   TROX   TROXON INC.  We will email you when they are ready. Click on WatchList

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   CSX   CSX CORP. on the Close, or have a tight Sell Stop Loss on it.

EXIT  AZN   ASTRAZENECA PLC if it is going to Close Below your Buy Price, or $34.27.

 

Click for  PORTFOLIO  (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 Buys.

HAVE A NICE MEMORIAL DAY!

Posted By AbovetheGreenLine at 2:33 pm 6 Comments

Comments

  1. Dutchy55 says

    May 26, 2017 at 2:45 pm

    Great trade on CSX !!
    Thank you for your website…

    Log in to Reply
    • AbovetheGreenLine says

      May 26, 2017 at 2:47 pm

      Thanks Dutchy!

      Have a great Holiday.

      Log in to Reply
  2. toby says

    May 26, 2017 at 3:19 pm

    first trade profitable, csx, I sold half yesterday, thanks for confirmation, I’m not going to beat myself up if it goes higher, take the money and run for the door!!!!!!!

    Log in to Reply
    • AbovetheGreenLine says

      May 26, 2017 at 3:22 pm

      Nice Toby!

      The current Market is testing all of our Emotions (Fear & Greed) and Discipline.

      Good trading, and tell your friends!

      Log in to Reply
  3. patillo says

    June 1, 2017 at 5:40 am

    can i trade options on this system of trading

    Log in to Reply
    • AbovetheGreenLine says

      June 1, 2017 at 10:38 am

      Buying options is risky because of time value decay.

      Some followers Buy Deep in the Money Options on the more expensive stocks, for the quick pops.

      We prefer to only SELL covered call options on Long positions, to try for premium income.

      Log in to Reply

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

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