Markets were down today as the Markets are re-testing Monday’s Lows. The Indices are shaking the tree once more to see if any Sellers are left. We are Lowering Sell Stop Losses once more, as Investors are now too Emotional (see Chart Above). The Volume is lower today which is Bullish, and the CNN Fear & Green Index is down to 3 (about as low as it gets).
So far many of the Strongest Leaders are higher than Monday’s Lows and are holding up well on this pull-back (Bullish). The higher Volume Leaders are: AAPL ABBV BMY MSFT NLOK PLUG SHOP & TSLA) and should be good to Buy if the Markets bounce soon. The weaker Indices are currently Way Below the Green Line. which means that Investors FEAR has caused them to over-sell them (all Investments eventually return to their Green Lines.
Bonds were mixed today, and are very over-bought.
Crude Oil was down $1.75 today at $32.65.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 3/11/2020 NONE TODAY
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
BND VANGUARD BOND FUND
GOLD BARRACK GOLD CORP.
INO INOVIO PHARMA. Money Wave must Close in the Green Zone.
MRNA MODERNA 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 NO SELLS TODAY
CYH COMMUNITY HEALTH LOWER the Sell Stop Loss below $3.25 on the Close until it bottoms.
ICLN GLOBAL CLEAN ENERGY FUND LOWER the Sell Stop Loss below $10.50 on the Close until it bottoms.
PLUG PLUG POWER LOWER the Sell Stop Loss below $3.40 on the Close until it bottoms.
SHOP SHOPIFY INC. LOWER the Sell Stop Loss below $400.00 on the Close until it bottoms.
Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
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.