MARKETS WILL BE CLOSED ON FRIDAY APR 10, 2020 FOR GOOD FRIDAY HOLIDAY.
Markets were higher again today and the S&P 500 Index was able to exceed Monday’s High of 2757. Now it is up to the Red Line (50-day avg.) of 2811. This rally from the Lows could be an A-B-C up on Elliott Wave count.
The 50-day average would normally be a short term profit taking area for traders, so we have raised some Cash. Some of the Leaders are now extended after the big rally this week, and the Watch List has become smaller.
The Strongest LEADERS are now back Above their Green Lines. Investments that are still Below the Green Lines could easily go back down again. NEW SUBSCRIBERS: Please be patient and WAIT for Money Wave Buy Signals soon (see Watch List below). Most Leaders are in the Red Zones.
Bonds were mixed today.
Crude Oil was down $2.04 today at $23.05 after a wild day.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/09/2020 NONE TODAY
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).
PLUG PLUG POWER EXIT on the Close today, or have a tight Sell Stop Loss below it (2nd Buy only) to capture a 15 % Gain. We will try to Buy it lower soon.
UUP US DOLLAR FUND EXIT if it is going to Close below the Pink Line around $27.02.
NLOK NORTON LIFELOCK EXIT if it is going to Close below the Pink Line around $18.87. 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.
HAVE A NICE EASTER!