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March 20, 2020

Money Wave Alert! Mar 20, 2020

TSLA Chart
Money Wave Buy today on Tesla Inc. (TSLA)

 

Markets were lower today as the Indices needed to re-test Wednesday’s Lows. Volume is much lower are the FEAR is slowly subsiding. The CNN Fear & Green Index is slowly creeping up from 2, to 8 today. It was 95 (SELL) at the Market Top in January.

The Leaders and NASDAQ 100 Index are holding up better. Some Leaders are about to Close above their Pink Lines (10-day avgs.) which should make them safer to Buy. 

The Markets are extremely over-sold from FEAR, as the DOW 30 Index is currently 7000 points Below the Green Line (Investments eventually return to their Green Lines).

The higher Volume Leaders are: AAPL ADBE AMD MSFT NLOK PLUG VIPS SHOP & TSLA) and should bounce very well when the Markets bottom. 

Bonds  were up 5 % today. 

Crude Oil was down $2.77 today at $23.14.

 

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

BUYS TODAY    3/20/2020    

 

TSLA     TESLA INC.       Money Wave Buy today.  Target is  $700.00.  EXIT if it is going to Close below $350.51.

 

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.)   

AMD     ADVANCED MICRO     Buy when it Closes above the Pink Line of $41.72 on High Volume.  2nd Money Wave Buy soon. 

PLUG     PLUG POWER INC.      Buy when it Closes above $3.30 on High Volume. 

______________________________________________________________________________________________________________________________________________   

BLDP     BALLARD POWER      Buy when it Closes above $8.26 on High Volume. 

ENPH     ENPHASE ENERGY      Relative Strength is Below 90. Buy when it Closes above the Pink Line of $32.99 on High Volume. 

INO     INOVIO PHARMA.      Mar 18 Buy if it Closes above $7.85 on High Volume.

MSFT     MICROSOFT CORP.      Buy when it Closes above the Pink Line of $160.79 on High Volume.  2nd Money Wave Buy soon.      

NVDA     NVIDIA CORP.    Buy when it Closes above $226.10 on High Volume.  2nd Money Wave Buy soon.   

SHOP     SHOPIFY INC.    Buy when it Closes above $362.00 on High Volume.  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     NONE TODAY 

 

AAPL     APPLE CORP.     LOWER the Sell Stop Loss to $225.00 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!

Posted By AbovetheGreenLine at 2:46 pm 2 Comments Tagged With: premium

Comments

  1. jisjr says

    March 20, 2020 at 3:09 pm

    Another great example of a Parabolic move up that broke and retreated back to its base. These appear over and over again.

    Log in to Reply
    • AbovetheGreenLine says

      March 21, 2020 at 1:13 pm

      Yes, Parabolic Curves can be very damaging. However, the LEADERS & NASDAQ 100 Index could bounce up once more (like in 1999 Internet Bubble) to create a “Right Shoulder” or “Double Top”.

      Thank you for writing.

      NASDAQ 100 Chart

      Log in to Reply

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

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