Markets were down today as the Indices are slowly re-testing the March Lows. So far the Selling this week has been mild, and many of the Leaders are now back down in their Green Zones for Money Wave Buy Signals soon.
It is very normal for the weaker Markets like the DOW, Small Caps, NYSE, & Transports to go back down and re-test the recent Lows. It would be Bullish if the Indices did not go all the way down to the March Lows. Or we could see more of a “W” pattern, with last week’s rally up being the middle of the W.
The strongest LEADERS that are now Above the Green Line should go higher. Please be patient and WAIT for them to close up out of the Green Zones, for Money Wave Buy Signals soon (see Watch List below).
Bonds were up today.
Crude Oil was up $3.19 today at $28.51.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/03/2020
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).
KR KROGER CO. EXIT on the Close today, or have a tight Sell Stop below it to capture a 10 % Gain.
LLY ELI LILLY & CO. LLY reached the Target of $144.00 today. This trade was not logged.
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.
Click for PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW ETF SECTOR ROTATION SYSTEM (LINK)
HAVE A SAFE WEEKEND!