Markets are up slightly today, as Crude Oil has recovered a little. The S&P 500 is still holding Above the Pink Line (10-day avg.) to avoid a Short Term Sell Signal (see Chart above). The S&P, DOW, NYSE & Transport Indices have still not made it back up to the March Highs.
Try to unload investments that you own that are struggling (not making New Highs), so you will have Cash to Buy again in the Green Zones!
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.
BUYS TODAY: ITB HOME BUILDING FUND Money Wave Buy today. We will not log, as ITB is Way Above the Green Line.
PLUG PLUG POWER Money Wave Buy today. We will not log, as PLUG is already up 7% today!
Money Wave Buy Signals soon: EXEL EXELIXIS INC. HUN HUNTSMAN GROUP, SCSS SELECT COMFORT, TEX TEREX CORP. & XBI BIOTECH FUND. We will email you when they are ready. Click on WatchList
SELLS TODAY: NONE TODAY
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 WEEKEND!
I was disappointed not to receive your weekly update.
Now, no Money Wave Alert for today, May 8, before Market close.
I did refer back to Friday’s Money Wave Alert and checked the Watch List
which has been updated for today’s market action.
I am assuming there are no buys today.
Thank you for your website.
Sorry for the problem, Dutchy. Our Email server shows that your Internet Provider received bothe the Weekly and today’s email.
Please log on to Hotmail https://www.hotmail.com/ and check your Spam or Bulk mail folder… I bet the emails are there.
You can always get the emails from the web site main menu under the Commentary tab ( Daily: https://abovethegreenline.com/buy-sell-signals/)
(Weekly: https://abovethegreenline.com/market-2/)
Thank you for writing!
Thank you for your response. I did see that you had posted on your website on Stockcharts.com and then realized that the problem was on my end. I will check my spam folder.
You are welcome… All emails are stored on the premium site https://www.abovethegreenline.com
under the Main Menu/Commentary.
Sorry for the problem, Dutchy… Our Email Server shows that your Internet Mail Box received both emails, but they are going to the Spam Folder.
Please log into Hotmail https://www.hotmail.com/ , and check your Spam or Bulk Mail folder… I bet they are there.
You can always read these emails on the Web site from the Main Menu Commentary tab.
Daily https://abovethegreenline.com/buy-sell-signals/
Weekly https://abovethegreenline.com/market-2/
Thank you for writing.