Markets were higher again today on low Volume. The S&P 500 needs to exceed last week’s High of 2879 for this rally to continue. Some of the Leaders were able to make Higher Highs, but none of the major Indices. The sideways action this week normally means a bigger move is coming… We will have to wait to be told which direction.
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 slightly today.
Crude Oil was up $0.59 today at $17.09.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/24/2020
ATHX ATHERSYS INC. Money Wave Buy today. Hopefully some of you bought ATHX on the “Jump Start” Signal this morning above $2.29. ATHX will not be logged as it is already up 13 % 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.)
_______________________________________________________________________________________________________________________________________________
BABA ALIBABA GROUP Money Wave must Close in the Green Zone.
CNC CENTENE CORP. Money Wave must Close in the Green Zone.
ZS ZSCALER 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.
HAVE A SAFE WEEKEND!
Took a small position in ATHX, plus 375. Nice move out of that consolidation.
Great!
Maybe it will fill the Gap near $3.05.
Don’t Take a Loss!
ATHX Chart