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March 2, 2020

Money Wave Alert! Mar 2, 2020

Capturing a quick 12 % Gain on JD.com (JD) in 3 days.

 

Markets were higher today as the Indices were very over-sold and Buyers came in. Since the DOW 30, Small Caps, Transports and NYSE are still Below the Green Lines, it would be normal for the Markets to go back down to re-test Friday’s Lows. So don’t chase anything. TSLA is already 19 % off of the recent Lows.

Today many of the Leaders will have Short Term Buy Signals. Please be aware that these could dip back down again, but they should hold up above last week’s Lows if the Markets are going to bounce much. The High Volume on the Markets last week should indicate a “Selling Climax” by the Herd (time to Buy).

The best trades are usually when the S&P 500 Index is ALSO coming up out the Green Zone (like now), The only problem is that the Market decline was very steep, and that usually takes longer to bottom.

Bonds  were mixed today, and are very over-bought.

Crude Oil was up $2.25 today at $47.01.

______________________________________________________________________________________________________

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

BUYS TODAY    3/2/2020  

 

AMD     ADVANCED MICRO      Money Wave Buy today. Target is $54.00.  EXIT if it is going to Close below $41.04.

ICLN     GLOBAL CLEAN ENERGY FUND    Money Wave Buy today. Target is $14.40.  EXIT if it is going to Close below $12.00. 

MSFT     MICROSOFT CORP.      Money Wave Buy today. Target is $185.00.  EXIT if it is going to Close below $152.00.

PLUG     PLUG POWER INC.      Money Wave Buy today. Target is $5.50.  EXIT if it is going to Close below $3.82.

QQQ     NASDAQ 100 FUND      Money Wave Buy today. Target is $227.00.  EXIT if it is going to Close below $198.17.

SMH     SEMICONDUCTOR FUND    Money Wave Buy today. Target is $146.00.  EXIT if it is going to Close below $124.31.

TMUS     T- MOBILE US      Money Wave Buy today. Target is $98.00.  EXIT if it is going to Close below $87.48.   

XLK     TECH FUND      Money Wave Buy today. Target is $98.00.  EXIT if it is going to Close below $84.06.   

 

 

AAPL     APPLE INC.     Money Wave Buy today.  AAPL will not be logged, as it is already up 6 % today and 13 % above Support. Try to Buy around $270.

GE       GENERAL ELECTRIC      Money Wave Buy today.  GE will not be logged, as it is already 11 % above Support. Try to Buy around $10.70.

NLOK     NORTON LIFELOCK INC.      Money Wave Buy today.  NLOK will not be logged, as the Volume is Low. Try to Buy around $18.50.

SHOP     SHOPIFY INC.    Money Wave Buy today.  SHOP will not be logged, as it is already up 4 % today and is 14 % above Support. Try to Buy around $450.

TSLA     TESLA INC.      Money Wave Buy today.  TSLA will not be logged, as it is already up 9 % today and 19 % above Support. Try to Buy around $680.

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.) 

Money Wave Buy today. Target is $54.00.  EXIT if it is going to Close below $41.04.

INTC     INTEL CORP.

Z     ZILLOW GROUP

____________________________________________________________________________________________________________________________________________________   

DB     DEUTSCHE BANK AG     Relative Strength is Below 90.

ITB     HOME BUILDERS FUND      Relative Strength is Below 90.

 

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     

 

JD     JD. COM INC.     The Target of $44 was met. EXIT on the Close, or have a tight Sell Stop Loss below it to capture a quick 12 % Gain. We will try to buy it lower.

 

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 2:35 pm 2 Comments Tagged With: premium

Comments

  1. MaryP says

    March 4, 2020 at 1:46 pm

    Thank you for the 15 minute chart you provided.I was hoping for a 15 minute chart with one Slo Stochastic indicator with the chart attributes,overlays(if any) and indicators. Thank you .

    Log in to Reply
    • AbovetheGreenLine says

      March 4, 2020 at 5:57 pm

      Please try this:

      SPX 15-min Chart

      Good trading and tell your friends!

      Log in to Reply

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