Markets were down today and the S&P 500 Index is back below the Red Line (50-day avg.) of 2810. Most of the Leaders are currently over-bought for the Short Term 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 now, 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. Wait for the Leaders 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.
Bonds were up today.
Crude Oil was down $0.04 today at $20.07.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/15/2020
RWM SMALL CAP INVERSE FUND Money Wave Buy today. Target is $53.00. EXIT if it is going to Close below $43.32.
TLT US GOV’T BOND FUND Money Wave Buy today. TLT will not be logged as the Volume is below average of 18 MIL.
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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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
MSFT MICROSOFT CORP. EXIT on the Close today (both positions), or have a tight Sell Stop Loss below it to capture a 16.6 % Gain. We will try to Buy it again lower.
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.