Above The Green Line

  • Commentary
    • BUY / SELL SIGNALS
      • Stock Alerts
    • DIVGRO BLOG
    • ETF SECTOR BLOG
    • DOW DOGS BLOG
    • NEWS
    • STOCK IDEAS
  • Strategies
    • SWING TRADING
      • CURRENT POSITIONS
      • WATCHLISTS
      • CLOSED POSITIONS
      • CANDIDATES – TOP 100
      • SPECIALTY STOCKS
    • DAY TRADING
      • Watch List
    • DIVIDEND GROWTH
      • Dividend Growth Portfolio
      • Dividend Calendar
    • DOGS OF THE DOW
      • Dogs of the Dow Portfolio
      • DOW 5 Portfolio
    • ETF SECTOR ROTATION
      • ETF Sector Portfolio
  • Markets
    • US MARKET
      • Commodities
      • Energy
      • Precious Metals
      • Volatility
    • GLOBAL MARKETS
      • MARKET INDICES
      • ECONOMIC CALENDAR
      • FOREX HEAT MAP
      • FOREX CROSS RATES
      • CRYPTOCURRENCY MARKET
    • DASHBOARD
    • IDEAS
  • Investing
    • FORUM
  • Resources
    • ARTICLES
    • WEEKLY STOCK
    • RETIREMENT PLANNING
    • BLOGROLL
    • FAQ
  • About
    • CONTACT US
    • HOW TO WIN
    • #1 AT STOCKCHARTS
  • Log In
  • Subscribe

May 26, 2020

Money Wave Alert! May 26, 2020

DIA Chart
Possible 5 Wave Count on the DOW 30 Index since the March Lows.

 

Markets “Gapped Up today on Good News Buying. The S&P 500 Index was able to get above last week’s High of 2980, but low Volume is not Bullish. This could be Wave 5 up on the DOW (see Chart above). Techs were mixed today and BioTechs were down.

Some of the Leaders are having Money Wave Buy Signals today (see below). But the Volume is very poor so none of these Buys will be logged. We want High Volume on Buy Signals, which represents lots of Money coming in. This could be a sucker rally.

NEW SUBSCRIBERS: Most of the Leaders are over-bought again, so please WAIT for the Leaders to return to their Green Zones for Money Wave Buys. The better trades happen when the The S&P 500 is also back down to the Green Zone (now in the Red Zone). 

Please remember that the Markets have bounced up about 35 % from the March Lows, and are over-bought. Do you have discipline?

 

Bonds  were down today.

Crude Oil was up $0.96 today at $34.21.

 

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

BUYS TODAY    5/26/2020         

 

CTXS     CITRIX SYSTEMS INC.      Money Wave Buy today. CTXS will not be logged as the Volume is below average of 2.7 MIL.

GNMK     GENMARK DIAGNOSTICS INC.     Money Wave Buy today. GNMK will not be logged as the Volume is below average of 3.5 MIL.

UNFI     UNITED NATURAL FOODS    Money Wave Buy today. UNFI will not be logged as the Volume is below average of 2.7 MIL.

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

 

“JUMP START” Candidates:  (Buy Signal should be very soon… Click on the Jump Start link for more info.)

CLX     CLOROX CO.

ETSY     ETSY INC.   

_______________________________________________________________________________________________________________________________________________ 

Money Wave Buys Signals Soon (3 Days- 3 Weeks Short Term):   (Best to Buy these when the S&P 500 is also in the Green Zone.)     

ATVI     ACTIVISION BLIZZARD INC.   

LLY     ELI LILLY & CO,      

MRNA     MODERNA INC.     

NFLX    NETFLIX INC.

VXX     VOLATILITY INDEX      Buy if it is going to Close above $35.43 on High Volume.

 

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Click on the 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         

 

ZM     ZOOM VIDEO COMM.     EXIT if it is going to Close below the Pink Line around $169.30.     

 

W     WAYFAIR INC.     EXIT if it is going to Close below your Buy Price, or $161.39. This trade was not logged.

 

Click for   PORTFOLIO  (Open Positions) and adjust your Sell Stops. 

Click for  CLOSED POSITIONS, 

ARE YOUR iNVESTMENTS ABOVE THE GREEN LINE?

ETF SECTOR ROTATION SYSTEM   

TOP 100 LIST Updated May 1, 2020

 

Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and out of the Green Zone).

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 2:43 pm 4 Comments Tagged With: premium

Comments

  1. pinellasman says

    May 26, 2020 at 3:39 pm

    Are you introducing Elliott Wave Theory?
    Ron

    Log in to Reply
    • AbovetheGreenLine says

      May 26, 2020 at 6:06 pm

      Hi Ron. Elliott Wave is a great tool for Technical Analysis: If you can get the Count correct.

      There are so many ways to count Waves, but if helps you decide on a finite turning point (Or Get Out!)

      Elliott Wave

      Log in to Reply
      • pinellasman says

        May 27, 2020 at 2:39 am

        Agreed, Just trying to figure it all out and get it right.
        I have a friend who is very good at it, he is mentoring me.
        Thank you for your work, you challenge my thinking.
        I love it.
        Peace,
        Ron

        Log in to Reply
        • AbovetheGreenLine says

          May 27, 2020 at 10:54 am

          Thank you Ron!

          ICLN Chart

          Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

Voted #1 at Stock Charts

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

Help Us Help Animals

Help Us Help Animals

Recent Comments

  • AbovetheGreenLine on Money Wave Alert! May 19, 2023
  • Robert Zieman on Money Wave Alert! May 19, 2023
  • Volodymyr Gelfand on Monet Wave Alert! May, 18, 2023
  • Money Wave Alert! May 16, 2023 – InvFuture Education on Money Wave Alert! May 16, 2023
  • Money Wave Alert! May 15, 2023 – InvFuture Education on Money Wave Alert! May 15, 2023

Become a Green Liner!
Become a Green Liner!

Help me make more Money in the Stock Market.

Above the Green Line

ON ATGL

  • Weekly Commentary
  • Intraday Buy / Sells
  • Day Trade Setup

STRATEGIES

  • Swing Trading
  • Dividend Growth
  • ETF Sector Rotation
  • Dogs of the Dow

HELP

  • ATGL Trading Rules
  • FAQ
  • Account Maintenance
  • Contact US

© Copyright 2021 · AboveTheGreenLine.com · All Rights Reserved · Privacy · Terms · Contact · WatchList · Current