Markets were down again today as the Indices failed to exceed last week’s Highs and rolled over. It is very normal for the weaker Markets like the DOW, Small Caps, NYSE, & Transports to go back down and re-test the recent Lows. The steep decline in March would normally need more of a “W” pattern, with last week’s rally being the middle of the W.
The strongest LEADERS that are now Above the Green Line should go higher, but many were over-bought and up in their Red Zones (probably too late to Buy for the short term). They should hold up the best, but most are pulling back some this week.
Please check out info on the ETF SECTOR Rotation System below.
There are 2 more INVERSE FUNDS on the Watch List (SH & VXX) that are down in the Green Zones for Money Wave Buys soon. These Inverse Funds could re-test their Highs, and are Above the Green Line + Above 90 Relative Strength. All of the major US Indices are Below the Green Lines.
Bonds were up today with the drop on Equities.
Crude Oil was up $0.26 today at $20.74.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/01/2020
UUP US DOLLAR FUND Money Wave Buy today. Target is $28.60. EXIT if it is going to Close below $26.67.
SH S&P 500 INVERSE FUND Money Wave Buy today. SH will not be logged as it is already up 5 % today. Maybe Buy around $28.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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CODX CO-DIAGNOSTICS INC. Buy if it Closes above the Pink Line of $8.92 on High Volume.
VXX VOLATILITY FUND Buy if it Closes above $52.67 on High Volume.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
GILD GILEAD SCIENCES EXIT if it is going to Close below your Buy Price, or $72.85. This trade was not logged.
PLUG PLUG POWER LOWER the Sell Stop Loss below the Green Line, as PLUG is back in the Green Zone for another Money Wave Buy soon.
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and out of the Green Zone).
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.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
***NEW ETF SECTOR ROTATION SYSTEM (LINK)
We completed our first quarter of the new System, and while the S&P 500 Index was down 20 %, the ETF System was down 17.1 %. The System will Sell all 5 Positions (QQQ XLK XLV SMH ITB) and only Buy 2 new positions (TLT and IAU). All of the other ETF Funds (no Inverse Funds) are Below the Green Line. The System will add 3 more positions as ETFs Close back Above the Green Line. There is a Chart of 20 years of back testing to illustrate possible results from rotating quarter. (Not Actual Results).
NEW! TOP 100 LIST Updated Mar 31, 2020
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