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April 22, 2020

Money Wave Alert! Apr 22, 2020

TLT Chart
Are T-Bonds (TLT) peaking out?

 

Markets have become frustrating as the Leaders and Indices have not returned back down to the Green Zones in 3 weeks. Today the Markets were higher as the Techs & Semis were strong. The very strongest Leaders bounced up off the Pink Lines (10-day avgs.) to avoid Short Term Sell Signals. The major Indices need to exceed last week’s Highs soon for this rally to continue. The S&P 500 Index needs to exceed Resistance of 2879. 

If the Markets cannot get above last week’s Highs, then 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. All of the major Indices except the NASDAQ 100 are still Below the Green Lines, which is Bearish.

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 and return to the Green Zones for more Buy Signals soon (it does not take that long).

 

Bonds  were down today.  

Crude Oil was up $2.48 today on the June contract at $14.03.

 

The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.

BUYS TODAY    4/22/2020    

 

IAU     GOLD FUND       Money Wave Buy today.  IAU will not be logged as it is still Way Above the Green Line.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

GDX     GOLD MINERS FUND     GDX is making a New High today, but the Volume is below average of 75 MIL. This will not be bought for the Long Term 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.)   

ATHX      ATHERSYS INC.

_______________________________________________________________________________________________________________________________________________   

AAPL     APPLE INC.

CNC     CENTENE CORP.      Money Wave must Close in the Green Zone.

LLNW     LIMELIGHT NETWORKS INC.     Money Wave must Close 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

 

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.

Related Post

– Money Wave Alert! Apr 21, 2020

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