Above the Green Line - Dec 11, 2017 Buy high, and Sell Higher: Momentum Investing

Joanne Klein

Weekly Comment: Markets were up slightly for the week, as the Strongest Indices bounced off their Pink Lines (10-day avgs.) These Indices must make New Highs soon for the rally to continue. Most of the Indices are in the Red Zones (probably too late to Buy for the Short Term).
This could be the Wave 5 of 5 up of the Trump rally since Nov 8th). (See Page 5 Chart 54).
Most Funds are still Way Above the Green Line. (All Investments eventually return to the Green Line).

Money Wave Buys on Friday for BOTZ MCHI SMH and 3 more. Wait for the Leaders to return to the Green Zones. Buy when the Money Wave Closes back Above 20. Have this List & Charts emailed to you from the Premium site: www.abovethegreenline.com.

Many Funds are having trouble staying Above 90 Relative Strength. Markets are tired.
We would like to warn you: When Markets are narrow & tired like they are now, either take quick gains from Money Wave Pops,
or STAY IN CASH & WAIT for a larger correction (down to the Green Lines).

KEEP IT SIMPLE: Buy Page 1 & 2 Funds in the Green Zone, and take profits in the Red Zone.
Split your account into 3-5 positions (For Short Term Trades with Sell Stops). Follow text below each chart.

REMEMBER: All Investments eventually RETURN to their Green Line. (Above or Below the Green Line, is temporary human emotion.)

Thank you for your votes to keep us #1. Please send some profits to help animals (ASPCA).

RULES ARE ON PAGE 3. Good trading, and tell your friends!

@AboveGreenLine for Twitter Feed.

51 S&P 500 - 1 min

click here to add comments

52 SPX - 15 min

click here to add comments

53 S&P 500 - 60 min

54 S&P 500 - Daily

Dec 11 Short Term traders, Sell when it Closes Below the Pink Line (10-day avg.)

Jan 15 Down to Support again.
Dec 11 This could be the C Wave of 4...
Nov 13 Wave 4 down should be completed...
Nov 5 Wave 4 down should take it down to the Red Line.
Aug 28 BIG Break of the Green Line on S&P... Ii could easily go back down next week.

55 S&P 500 - Weekly

Dec 11 Money Wave is in the Red Zone.

Jun 27 Money Wave is in the Green Zone.
Jun 10 Money Wave is in the Red Zone.
Jan 22 Money Wave is in the Green Zone.
Dec 22 Money Wave is in the Green Zone.
Dec 14 Trying to Hold at the Green Line.
Dec 2 Money Wave is in the Red Zone.
Sep 17 Tagged the Green Line.

56 S&P 500 Index

Mar 2 Caution! 'High Pole' on P&F Chart.

Bill M writes' Love your charts. '

57 Best Market Timing Indicator - S&P 500 - Weekly

Apr 8, 2016 New Buy Signal for the week.
Jan 8 Back into a SELL Signal.
Nov 6 Back into a Buy, because there is nowhere else to put the $$$. (Fed Funds near 0%). Market internals are very weak.
Sep 4, 2015 Red crossed Green. Sell Signal... S&P 500 could still easily rally up to the Green Line of 2022.
Caution! FED could easily start Printing again, which could Abort the Sell Signal.
Aug 28, 2015 Red did not cross Green. Still a Buy Signal. Wait for the Close on Friday, since this is a weekly Chart.
Jul 8, 2012 Thank you Dave G for the 'anti-whipsaw' Indicator!
Jeffrey C writes' I love your weekly timing indicator.'
Dec 28, 2011 Crossing back up.

58 S&P 500 Inverse Fund (SH) - Daily

click here to add comments

59 Real Estate Fund (IYR) - Daily

Relative Strength is Below 90.

60 DBC - Daily

Relative Strength is Below 90.

This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Use for more details.