Markets were higher again today and are retesting yesterday’s High of 2757. No success so far today. Next resistance is the Red Line (50-day avg.) around 2811. This rally from the Lows could be an A-B-C up on Elliott Wave count.
The 50-day average could become a short term profit taking area for nimble Investors, so we have raised some Cash. Some of the Leaders are getting extended after the last 3 day rally, and the Watch List has become smaller.
Try to stay in the strongest LEADERS that are Above their Green Lines. All of the major Indices except the NASDAQ 100 (QQQ) are Below the Green Lines and could go down again. NEW SUBSCRIBERS: Please be patient and WAIT for Money Wave Buy Signals soon (see Watch List below).
Bonds were down slightly again today.
Crude Oil was up $2.06 today at $25.69.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/08/2020
AXSM AXSOME THERA. Money Wave Buy today. AXSM will not be logged as it is already up 16 % 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.)
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ZM ZOOM VIDEO COMM. Buy if it Closes above $125.17 on High Volume.
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).
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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.