Markets were up slightly today as Oil prices surged 22 %. So far the Selling this week has been mild, and some of the Leaders are quickly coming back down near their Green Zones for Money Wave Buy Signals soon.
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. It would be Bullish if the Indices did not go all the way down to the March Lows. Or we could see more of a “W” pattern, with last week’s rally up being the middle of the W.
The strongest LEADERS that are now Above the Green Line should go higher. Please be patient and WAIT for them to return to their Green Zones. They should hold up the best, and most are pulling back some this week.
Bonds were up today.
Crude Oil was up $4.59 today at $24.90.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/02/2020 NONE TODAY
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
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).
SELLS TODAY NONE TODAY
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).