Markets were lower today as Investors wait for a Bail Out from Congress. Most of the Indices went lower than last Wednesday’s Lows, but the NASDAQ 100 Fund and Small Cap Funds are trying to hold. That would be Bullish. WE ARE NOT SELLING ANYTHING DOWN HERE (other than a profit on DOCU). Lower Stops if necessary.
Volume is much lower as 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 8200 points Below the Green Line (Investments eventually return to their Green Lines).
The higher Volume Leaders are: ADBE AMD MSFT NLOK PLUG VIPS SHOP & TSLA) and should bounce very well when the Markets bottom.
Bonds were up 4.20% today.
Crude Oil was up $0.69 today at $23.32.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 3/23/2020
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
ENPH ENPHASE ENERGY Relative Strength is Below 90. Buy when it Closes above the Pink Line of $32.99 on High Volume.
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).
DOCU DOCUSIGN INC. EXIT on the Close, or have a tight Sell Stop Loss below it to capture a 7 % Gain.
TLT US GOV’T BOND FUND EXIT if it is going to Close below your Buy Price, or $163.91. This trade was not logged.
AAPL APPLE CORP. LOWER the Sell Stop Loss to $210.00 until it bottoms.
MSFT MICROSOFT CORP. LOWER the Sell Stop Loss to $130.00 until it bottoms.
XLK TECH FUND LOWER the Sell Stop Loss to $67.00 until it bottoms.
Click for 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.