Markets were up today and the S&P 500 Index is trying to Close above the Red Line (50-day avg.) of 2810, which would be Bullish. Some of the Leaders have really popped up in the last few days on Good News about COVID 19. But all of the major Indices except the NASDAQ 100 are still Below the Green Lines.
The Reward / Risk of Buying today is not good, so we are slowly taking profits. The weaker Indices like the Small Caps, Transports & NYSE could easily go back down once more. This rally from the Lows could be an A-B-C up on Elliott Wave count, and then maybe a “W” pattern back down again. The Leaders are now extended after the big rally, so we are waiting for them to return to their Green Zones (it does not take that long).
NEW SUBSCRIBERS: Please realize that the DOW 30 Index has just rallied up 5800 points (or 30% from the March Lows) and is still Below the Green Line. That is NOT GOOD. The Green Line System has captured many nice trades from the recent Lows, but now we have to WAIT. Be patient and WAIT for the S&P 500 Index to come back down from the Red Zone and return to the Green Zone for more Money Wave Buys. Or ask yourself why you did not Buy last month on FEAR?
Bonds were down slightly today.
Crude Oil was down $1.70 today at $20.71.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/14/2020
TAL TAL EDUCATION GROUP Money Wave Buy today. Target is $58.00. EXIT if it is going to Close below $50.15.
RHHBY ROCHE HOLDING LTD. Money Wave Buy today. RHHBY will not be logged as it is already up 4 % 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.)
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DOG DOW INVERSE FUND Below the Green Line.
VXX VOLATILITY FUND Buy if it Closes above $43.72 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
CLX CLOROX CO. EXIT on the Close today, or have a tight Sell Stop Loss below it as it Hit the Target of $192 for a 12 % Gain. We will try to Buy it lower soon.
TSLA TESLA INC. EXIT on the Close today (both positions), or have a tight Sell Stop Loss below it as it Hit the Target of $700 for a 40 % Gain. We will try to Buy it lower soon.
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.