Markets were up slightly as the Indices are very over-sold. The S&P 500 Index needs to Close above 2661 to bring in more Buying. The CNN Fear & Green Index is down to 4 (about as low as it gets). WE ARE NOT SELLING ANYTHING TODAY, if the Market were to slip lower on the Close. (lower Stops if necessary).
Many of the Green Line Open Positions (except the Indices) are holding up Above their Green Lines. In the 1987 Market crash, the Strongest Investments held Above the Green Lines and after the Selling stopped, they were back near Highs in a few months. The higher Volume Leaders are: AAPL ABBV AMD MSFT NLOK PLUG SHOP & TSLA) and should be good to Buy when the Markets bounces.
Bonds were down today.
Crude Oil was up $0.31 today at $31.89.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 3/13/2020
BND VANGUARD BOND FUND Money Wave Buy today. Target is $89.00. EXIT if it is going to Close below Support of $81.50.
DOCU DOCUSIGN INC. Money Wave Buy today. Target is $89.00. EXIT if it is going to Close below Support of $65.94.
THERE WILL BE NO LONG TERM TRADES THIS WEEK.
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.)
MSFT MICROSOFT CORP. 2nd Money Wave Buy soon.
SHOP SHOPIFY INC. 2nd Money Wave Buy soon.
TSLA TESLA INC. 2nd Money Wave Buy soon.
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
RNG RING CENTRAL INC. LOWER the Sell Stop Loss below $158.63 on the Close until it bottoms.
Click for PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW! TOP 100 LIST Updated Mar 9, 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.
HAVE A NICE WEEKEND!
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