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March 5, 2017

Weekly Commentary Mar 5, 2017

Dollar Chart
Will the US Dollar FAIL this time up?

 

03/05/2017:  Markets were up over 1/2% for the week, as the Indices were able to bounce again at the Pink Lines (10-day avgs.) Falling Below the Pink Lines should create Short Term Sell Signals.

The Indices are very over-bought, and are stretched Way Above the Green Line. Eventually the Markets will return down to the Green Lines (like they always do), Maybe a pull-back after the FED probably RAISES short term Interest Rates on Mar 15.

The US Dollar is re-testing the January Highs… A FAILURE to make new Highs would be Bullish for GOLD and Commodities (but the Dollar is currently rallying on FED RAISE soon.)

There should always be Investments going up EVERY YEAR that meet the Green Line Rules. Raise some CASH, and wait… there will be some BAD NEWS, and we will be ready to BUY!

 

MONEY WAVE BUYS SOON:    There are 7 Open Positions,  and 4 Investments are on the Watch List.

ON DECK to Buy soon: ARNC   ARCONIC INC,   CLF  CLIFFS NAT’L RES.     NFLX   NETFLIX INC,   PIP  PHARM ATHENE.  Wait for GREEN ZONE BUYS.  We will email or text when they are ready.  

 

LONG TERM TRADES – We are looking for a good Entry Point for these, which could possible Double:

AXAS    ABRAXIS PETE.   Waiting to see if it will hold Above the Green Line.

JJC     COPPER FUND           Weekly Red Zone. Waiting on a Pull-back.

KOL    COAL FUND     Waiting for a Pull-back.

MDR    MCDERMOTT INT’L.  Waiting for a Pull-back

 

Click for  Open Positions   

Click for  Closed Positions

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.

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Tell your Friend about us, and HELP ANIMALS.

 

We had our first Chat Room Session on Saturday morning… Positive comments. Many are having trouble logging in, and we are working on that. Thank you for your patience.

QUESTION:  Marc M writes “this GOLD chart is disturbing..Don’t you think?”
Marc

ANSWER:

Thank you for writing, Marc.

Gold could be doing Wave 2 down, but it must hold above the 62% Retracement Level around $1185 (or $112.17 on GLD Chart.  The US Dollar might Fail to make Highs soon, after the FED raise on Mar 15.
Good trading, and tell your friends!

Posted By AbovetheGreenLine at 2:11 pm 2 Comments

Comments

  1. Skip says

    March 5, 2017 at 7:10 pm

    I reactivated my account last Friday but still
    getting noticed that I am unauthorized to view watch list and trading now. Thanks for your help. Skip

    Log in to Reply
    • AbovetheGreenLine says

      March 5, 2017 at 7:56 pm

      Skip, you are not properly logged in.

      Please log completely out of the AGL web site, and back in.

      Thank you for writing!

      Log in to Reply

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