Markets were higher this morning as the Indices rallied up near their Pink Lines (10-day avgs.) and then dropped. It is very normal for the Markets to go back down to re-test Friday’s Lows. So far the Strongest Leaders have not given up half of the recent up move (Bullish).
The FED Lower the Fed Funds Rate 1/2 point, as they sell possible slowing of the Economy. The Market decline was very steep last week, and that usually takes longer to bottom. The Leaders had Short Term Buy Signals, but are going back down again, and should hold up above last week’s Lows. The High Volume on the Markets last week should indicate a “Selling Climax” by the Herd (time to Buy).
The best trades are usually when the S&P 500 Index is ALSO coming up out the Green Zone (like now),
Bonds were up Big again on FEAR today, and are very over-bought.
Crude Oil was up $0.70 today at $47.75.
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The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 3/3/2020 NONE TODAY
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.)
Money Wave Buy today. Target is $54.00. EXIT if it is going to Close below $41.04.
INTC INTEL CORP. Relative Strength is Below 80 required for Large Caps.
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DB DEUTSCHE BANK AG Relative Strength is Below 90.
ITB HOME BUILDERS FUND Relative Strength is Below 90.
Z ZILLOW GROUP Mar 3 Buy if it Closes above $56.29 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 NONE TODAY
Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW! TOP 100 LIST Updated Jan 28, 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.