Markets were up again today as Investors now expect a Bail Out from Congress maybe tomorrow. Today most of the Indices have finally Closed above their Pink Lines (10-day avgs.) which probably means that the heavy Selling from this big decline is over.
However, the weaker Markets like the DOW, Small Caps NYSE & Transports could re-test Monday’s Lows once more. Maybe some profit taking after some Good News of a Bail Out Plan being passed soon. The steep decline in March would normally need more of a “W” pattern, with this week’s rally being the middle of the W (see chart above).
The strongest LEADERS that are now Above the Green Line should go higher, but many are now back up in their Red Zones (probably too late to Buy for the short term). They should hold up the best.
The CNN Fear & Green Index is slowly climbing up from 2 last week, to 18 today. It was 95 (SELL) at the Market Top in January.
Bonds were down slightly today.
Crude Oil was up $0.82 today at $24.80.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 3/25/2020
BLDP BALLARD POWER This went up above the Buy Stop of $8.26 late yesterday and was bought at $8.29 on yesterday’s Close. It should be ok to Buy today also. Target is $11.50. EXIT if it Closes below $6.95.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
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).
TSLA TESLA INC. EXIT on the Close today or have a tight Sell Stop below it (2nd Buy only) to capture a 27 % Gain. We use Closing prices only, and TSLA might have have some profit taking tomorrow if Congress passes a Bill. TSLA has rallied $200 in 6 days, and is in the Red Zone.
VIPS VIPSHOP HOLDINGS EXIT if it is going to Close below your Buy Price, or $14.36. This trade was not logged.
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.