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February 24, 2020

Money Wave Alert! Feb 24, 2020

QQQ Chart
The Leading Nasdaq 100 Fund (QQQ) is coming back down to the Green Zone for a Buy soon.

 

Markets were down again today as many Indices dumped on Corona FEARS. When Markets Sell off on FEAR, we can then determine which investments are the Strongest. Hopefully you have some Cash to Buy some of the Strongest Indices (QQQ XLK & SMH) and Leaders (AMD MSFT LULU NVDA & SHOP) soon. Sometimes these don’t even make it down into the Green Zones.  The S&P 500 Index has Support at the January Lows of 3215. 

Now most Leaders & Indices are quickly coming back down to their Green Zones for Money Wave Buy Signals soon. Try to Buy Investments that hold above their Red Lines (50-day avgs.) as they usually bounce up first.

Please WAIT for Money Wave Buy Signals soon. The best trades are when the S&P 500 Index is ALSO on the Green Zone, 

Bonds  were up big today on FEAR, and are over-bought.

Crude Oil was down $1.81 today at $51.57.

______________________________________________________________________________________________________

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

BUYS TODAY    2/24/2020    NONE TODAY

  

Money Wave Buys Signals Soon (Short Term):   (Best to Buy these when the S&P 500 is also in the Green Zone.)    

“JUMP START” Candidates:  (Buy Signal should be very soon… Click on the Jump Start link for more info.)

NONE TODAY   

 ____________________________________________________________________________________________________________     

ABBV     ABBVIE INC.     Money Wave must Close in the Green Zone.   

AMD     ADVANCED MICRO      Money Wave must Close in the Green Zone.   

BMY     BRISTOL MEYERS      Buy when it Closes above the Pink Line of $66.00 on High Volume.   

DB     DEUTSCHE BANK AG

GE     GENERAL ELECTRIC     (Click for info)       

INTC     INTEL CORP.

JD     JD.COM INC.        

MSFT     MICROSOFT CORP.      Money Wave must Close in the Green Zone. 

QQQ     NASDAQ 100 FUND     Money Wave must Close 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).

___________________________________________________________________________________________________

SELLS TODAY     

 

EURN      EURONAV NV      EXIT if it is going to Close below Support of $9.40. 

 

BLDP     BALLARD POWER      EXIT if it is going to Close below the Pink Line around $12.03. This trade was not logged.     

ITB     HOME BUILDING FUND       EXIT if it is going to Close below the Pink Line around $49.80. This trade was not logged.     

ITCI     INTRA-CELLULAR       EXIT if it is going to Close below the Pink Line around $23.05. This trade was not logged.     

LLY     ELI LILLY & CO.        LOWER the Sell Stop Loss to a Close below the Red Line around $135.66. This trade was not logged.   

NK     NANTKWEST       LOWER the Sell Stop Loss to a Close below the Red Line around $5.15. This trade was not logged.   

STNE     STONE CO.      EXIT if it is going to Close below your Buy Price, or $42.01. This trade was not logged.     

TAL     TAL EDUCATION GROUP       EXIT if it is going to Close below the Pink Line around $58.66. This trade was not logged. 

TRIL     TRILLIUM THERA.         EXIT if it is going to Close below your Buy Price, or $4.16. This trade was not logged. 

TSLA     TESLA CORP.      EXIT if it is going to Close below the Pink Line around $833.21. This trade was not logged.    

 

Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops. 

Click for  CLOSED POSITIONS, 

NEW! TOP 100 LIST Updated Jan 28, 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 2:42 pm Leave a Comment Tagged With: premium

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

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