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April 29, 2020

Money Wave Alert! Apr 29, 2020

SPX Chart
The S&P 500 Index is back up to the Green Line!

 

Markets were again higher today as the S&P 500 finally returned back up to the Green Line. Remember how in March the Media scared many investors into Selling on FEAR, and Way Below the Green Line?

Much of the Fear is gone now, which means that Stocks are no longer cheap. The S&P 500 is at the 62% Retracement Level of the decline since the January Highs. Historically that Level could be the Top of a weak Market. We will see if the Markets roll over soon, or not. We do know that the Leaders are over-bought, and four of them are having Short Term Sell Signals today (see SELLS TODAY section below).

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).

 

CHECK OUT THE DAY TRADE WATCH LIST.

 

Bonds  were down again today.  

Crude Oil was up $2.99 today at $15.33.

 

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

BUYS TODAY    4/29/2020    

 

BABA     ALIBABA GROUP      Money Wave Buy today.  Target is $218.00.  EXIT if it is going to Close below $199.41.

 

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.)   

CLX     CLOROX CO.    

_______________________________________________________________________________________________________________________________________________   

LLNW     LIMELIGHT NETWORKS INC.     Relative Strength is Below 90.  Buy if it Closes above $5.63 on High Volume.     

NFLX     NETFLIX INC.    Money Wave must Close in the Green Zone. 

RWM     INVERSE SMALL CAP FUND     (2nd Entry soon) Below the Green Line.

VXX     VOLATILITY INDEX

WMT     WALMART INC.           

 

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   

 

RWM     INVERSE SMALL CAP FUND     EXIT if it is going to Close below the Green Line of 41.34.  We will Buy it again soon if the Markets roll over here.

SMH     SEMICONDUCTOR FUND     EXIT on the Close today or have a tight Sell Stop Loss below it. SMH is up 44 % from the March Lows. We will try to Buy again lower.

 

LLY     ELI LILLY & CO.     EXIT if it is going to Close below the Pink Line around $157.60.  This trade was not logged

RHHBY     ROCHE HOLDING LTD.    EXIT if it is going to Close below the Pink Line around $43.87.  This trade was not logged.

TDOC     TELADOC HEALTH      EXIT if it is going to Close below the Pink Line around $181.48.  This trade was not logged.     

ZM     ZOOM VIDEO      EXIT if it is going to Close below the Pink Line around $153.80.  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)

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.

Posted By AbovetheGreenLine at 2:39 pm 2 Comments Tagged With: premium

Comments

  1. ichoyjx says

    April 30, 2020 at 2:44 pm

    Hi, no alert for today?

    Log in to Reply
    • AbovetheGreenLine says

      April 30, 2020 at 2:54 pm

      Check now, please.

      AGL

      Log in to Reply

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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