Above The Green Line

  • Commentary
    • BUY / SELL SIGNALS
      • Trade 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

December 8, 2016

Money Wave Sell Alert! Dec 8, 2016

S&P is Finishing Wave 5 of  Trump Rally!
S&P is Finishing Wave 5 of Trump Rally!

 

The Markets are up again today, but with much less power. The S&P could be finishing Wave 5 up of the Trump Rally that began Nov 7th (see Chart above). After 5 Waves, there will normally be a correction of 1/3 to 1/2 of the Rally. We are taking profits today, as the Bullish Sentiment is too HIGH. A normal pull-back would take the S&P 500 down near the Red Line (50-day avg.) 

We are going to take some profits for Short Term Traders:

Sell CSX   CSX CORP   today on the Close, if you bought it.

Sell AMKR  AMKOR TECH  today if it is going to Close below your purchase price, or $11.24.

Sell MRVL  Marvell Tech today if it is going to Close below your purchase price, or $14.03.

 

 

ON DECK:   NONE  
WAIT for Money Waves Buys soon coming out of the Green Zones. We will email you when they are ready.  

Click for  WATCH LIST   

Click for  STOCKCHARTS LIST    

Click for  OPEN POSITIONS

Many like to buy the day before, if the Investment has not 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.

Posted By AbovetheGreenLine at 2:36 pm 3 Comments

Comments

  1. Dutchy55 says

    December 8, 2016 at 3:15 pm

    Is this not a good time to buy SPXU, rather than wait for Money Wave Buys to descend all the way to Green Zones ?? Thank you for your website.

    Log in to Reply
    • AbovetheGreenLine says

      December 8, 2016 at 3:51 pm

      Good question Dutchy, but all we have to do is check the Rules to answer your question. First, 3 X Funds can be a disaster, because of the LARGE DECAY in Value.
      SPXU is in the Green Zone, but is Below the Green Line with only 2.7 Relative Strength… Why sail INTO THE WIND? When the Market corrects, the Leaders like XLF should come down near the Green Line, and then go right back up, until they FAIL. Eventually Inverse Funds will begin a Bull, and meet the RULES… It is safer, and much less STRESSFUL to wait, like in 2008 Chart.

      Log in to Reply
      • Dutchy55 says

        December 8, 2016 at 6:37 pm

        Thank you. I am learning and profiting from your website.

        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

  • Green Line Weekly Sep 3, 2023 – Omni Legal on Green Line Weekly Sep 3, 2023
  • AbovetheGreenLine on Green Line Weekly Aug 27, 2023
  • lbrodt on Green Line Weekly Aug 27, 2023
  • Mitch Van Zelfden on Money Wave Alert! Jul 31, 2023
  • AbovetheGreenLine on Money Wave Alert! Jul 31, 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