10/11 /2016: Markets were down today as the S&P 500 closed back below the Red Line (50-day average). The S&P should hold Support around 2119. We are finally getting more Investments in the Green Zones besides the Gold Miners.
Money Wave Buy today for GDXJ. (Yes, the Money Wave did dip down below 20 on the Close… Therefore we are lowering the Sell Stop just below the Green Line to $36, until the Miners completely turn up.
We stopped out of GRUB (looks like Sell Stop was 7 cents too tight), but it is trying to Hold the Red Line…
We might Buy back in the morning, and we will send out email if so.
Money Waves Buys soon for AMAT GORO NTAP NVDA WPX YELP . We will email you when they are ready. Watch List
Current Open Positions Closed Positions Charts for Leaders
Alert! Market Risk High (Red Zone). The probability of successful Short Term Trades is lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.
Hi.
I really like your charts and your comments. Have you been thinking about adding weak stocks charts when there is a correction. I would like to see some charts with weak stocks where I can buy some put options.
Thank you for your help.
Luc St-Jean…
Thank you! For Selling Short, you would simply reverse the Rules: Below Green Line, Below 10 RElative Strength + coming down from 80 or Red Zone..
We will use Inverse Funds instead, since most don’t understand Shorting.
Here is a scan of the Weakest:
ACAD ACHC ACHN ALNY ALXN AMX ANF ANTM ASNA AVXL BBG BCS BKD BMY BRS CBG CBI CCJ CF CI CIE CLDX CONN COTY CRC CTSH CVS CXW CYH DB DG
DO DRRX DVA DVA DYN ENDP ERIC ERJ EWI EWM EWU EXPR EXR FAST FEYE FLO FOX FSLR FTR GALE GERN GILD GLUU GME GNC GSAT GTN HAIN HDP HFC
HOS IBB IMGN IMMU INFN INFY IONS ITCI JUNO KATE LC LEN LPCN LVLT LYG MACK MNKD MOS MYGN MYL NAT NCLH NE NOG NOK NRG NUAN NVAX NVO ODP
OPHT
PAH
PAY
PBF
PBI
PII
PIR
PPG
PPL
PRGO
RBS
RCII
RH
RLGY
RT
SCTY
SDRL
SIG
SKX
SPLS
SPWR
SRCL
STNG
TDW
TEVA
TGNA
TGT
THC
TKAI
TSCO
TSLA
VFC
VIAB
VIP
VIXY
VOD
VRTX
VRX
VXX
XON
ZIOP
Can you share your scan for that or is it just <10
THANKS
Try his Lance for Short Sales
GreenLine SCTR < 10 Volume > 1000000
• For the last market close:
• United States Stocks with…
• All SCTRs < 10 • 20-day Simple Moving Average of Volume for today is greater than 1000000 • 50-day Exponential Moving Average of Close for today is less than 250-day Exponential Moving Average of Close for today • Daily Low for today is less than 250-day Exponential Moving Average of Close for today