Markets were up again today on lower Volume. Investors expect a Bail Out from Congress tomorrow. The Indices look like they could Close strong today, but many Investments are back up in their Red Zones (probably too late to Buy for the Short Term).
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 22 today. It was 95 (SELL) at the Market Top in January.
There are 3 INVERSE FUNDS on the Watch List below (RWM SH & VXX) that are down in the Green Zones for Money Wave Buys soon. These Inverse Funds could re-test their Highs, and are Above the Green Line + Above 90 Relative Strength. All of the major US Indices are Below the Green Lines.
Bonds were up slightly today.
Crude Oil was down $1.55 today at $22.94.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 3/26/2020
LLY ELI LILLY & CO. Money Wave Buy today. LLY will not be logged as it is already up 8 % today.
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.)
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INO INOVIO PHARMA. Buy if it Closes above $7.85 on High Volume.
VXX VOLATILITY FUND Buy if it Closes above $52.67 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).
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SELLS TODAY
SHOP SHOPIFY INC. EXIT on the Close today or have a tight Sell Stop below it (2nd Buy only) to capture a 20 % Gain. We use Closing prices only, and SHOP might have have some profit taking tomorrow if Congress passes a Bill. SHOP is in the Red Zone, and we will try to Buy it again lower.
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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– Bonds