Markets were finally up Big today as Investors now expect a Bail Out from Congress. Most of the Indices still need to Close above their Pink Lines (10-day avgs.) so the Markets could re-test the Lows once more. The S&P 500 needs to Close above 2467 to bring in more Buying.
The strongest NASDAQ 100 Fund should Close above the Pink Line today. That would be Bullish.
Volume is still low as the FEAR is still there. The CNN Fear & Green Index is slowly creeping up from 2, to 13 today. It was 95 (SELL) at the Market Top in January.
The Markets are extremely over-sold from FEAR, as the DOW 30 Index is currently 6250 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 down 1% today.
Crude Oil was up $0.64 today at $24.00.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 3/24/2020
MSFT MICROSOFT CORP. Money Wave Buy today. Target is $170.00 . EXIT if it Closes below $132.52.
AMD ADVANCED MICRO This squirted up above the Pink Line of $41.40 on the Close yesterday, so it was bought then. It is up 9% today, so maybe try to Buy around $42.50 next time down, if you did not get in.
SHOP SHOPIFY INC. This squirted up above the Pink Line of $369.72 on the Close yesterday, so it was bought then. It is up 11% today, so maybe try to Buy around $390.00 next time down, if you did not get in.
ENPH ENPHASE ENERGY Closing above the Pink Line of $32.99 today. ENPH will not be logged as it is already up 22 % today. Maybe around $29.
NVDA NVIDIA CORP. Money Wave Buy today. NVDA will not be logged as it is already up 16 % today. Maybe around $230.00
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.)
BLDP BALLARD POWER Buy when it Closes above $8.26 on High Volume.
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INO INOVIO PHARMA. Mar 18 Buy if it Closes above $7.85 on High Volume.
LLY ELI LILLY & CO.
VXX VOLATILITY FUND
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).
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SELLS TODAY
MRNA MODERNA INC. EXIT if it is going to Close below your Buy Price, or $26.49. This trade was not logged.
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.
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.
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