Markets were down today as profit taking came in on some of the Leaders. Most of the Leaders are currently over-bought for the Short Term. The S&P 500 Index should have Support near the Pink Line (10-day avg.) around 2776. All of the major Indices except the NASDAQ 100 are still Below the Green Lines, which is Bearish.
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 back down again. Wait for the Leaders to return to their Green Zones (it does not take that long). The Watch List is very small… WAIT.
NEW SUBSCRIBERS: The Green Line System has captured many nice trades from the recent March Lows. Be patient and WAIT for the S&P 500 Index and the Leaders to come back down from the Red Zones and return to the Green Zones for more Money Wave Buys.
Bonds were up slightly today.
Crude Oil was way down today as the May contract expires tomorrow. June was down $3.90 today at $21.14.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/20/2020 NONE TODAY
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
“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 Buy if it Closes above the Pink Line of $53.97.
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
TAL TAL EDUCATION GROUP EXIT if it is going to Close Support of $50.15.
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.
What is place a stop under a swing low mean. And is RWM still on a buy?
The Swing Low is the Support or price where the Investment bounced up last.
RWM is still a Buy as long as it is above the Swing Low or Support of $43.32.
RWM Chart