Markets were down today and the S&P 500 Index stalled at the Red Line (50-day avg.) of 2809. Mild profit taking has come in, but some Leaders have gone higher today. This rally from the Lows could be an A-B-C up on Elliott Wave count.
The 50-day average would normally be a short term profit taking area for traders, so we have raised some Cash. Some of the Leaders are now extended after the big rally this week, and the Watch List has become smaller.
NEW SUBSCRIBERS: Please be patient and WAIT for Money Wave Buy Signals soon (see Watch List below). Most Leaders are up in the Red Zones.
Bonds were down slightly today.
Crude Oil was down $0.07 today at $22.70.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/13/2020
TDOC TELADOC HEALTH INC. Money Wave Buy today. TDOC will not be logged as the Volume is below average and it is already up 6 % today.
ZM ZOOM VIDEO COMM. Money Wave Buy today. ZM will not be logged as it is already up 9.5 % today.
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.)
VXX VOLATILITY FUND Buy if it Closes above $43.72 on High Volume.
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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
AMZN AMAZON.COM EXIT on the Close today, or have a tight Sell Stop Loss below it as it Hit the Target of $2100, and is back up near the Highs. We will try to Buy it lower soon.
NLOK NORTON LIFELOCK EXIT if it is going to Close below the Pink Line around $18.90. This trade was not logged.
Click for PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW ETF SECTOR ROTATION SYSTEM (LINK)
NEW! TOP 100 LIST Updated Mar 31, 2020
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.