Markets were higher again today on more low Volume. The S&P 500 is trying to exceed the mid April High of 2879 for this rally to continue. Big Battle going on here, as Markets have had a big rally off the March Lows, without much Selling yet. Low Volume is a concern for Bulls.
Some of the Leaders were able to make Higher Highs, but not many good trades recently as the Markets are too over-bought. 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 the Green Lines, 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: 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 again today.
Crude Oil was down $3.87 today at $13.08.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/27/2020
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).
RWM INVERSE SMALL CAP FUND LOWER the Sell Stop Loss below the Green Line of $41.34 until it bottoms. The Money Wave is back down in the Green Zone with 90 Relative Strength.
ATHX ATHERSYS INC. EXIT if it is going to Close below your Buy Price, or $2.63. This trade was not logged.
IAU GOLD FUND EXIT if it is going to Close below your Buy Price, or $16.40. This trade was not logged.
VXX VOLATILITY INDEX EXIT if it is going to Close below your Buy Price, or $38.81. This trade was not logged.
Click for PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW ETF SECTOR ROTATION SYSTEM (LINK)
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.