Markets were up today as the Indices are trying to exceed last week’s Highs. The major Indices are all still Below the Green Lines, and are over-bought on the Short Term. Short Term Investors might want to raise some CASH.
It would be very normal for the weaker Markets like the DOW, Small Caps, NYSE, & Transports to go back down and re-test the recent Lows. The steep decline in March would normally need more of a “W” pattern, with last week’s rally being the middle of the W.
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, but could pull back some this week.
The CNN Fear & Green Index is slowly climbing up from a recent low of 2, to 24 today. It was 95 (SELL) at the Market Top in January.
There are 3 INVERSE FUNDS on the Watch List (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 down slightly today.
Crude Oil was down $1.37 today at $20.14.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 3/30/2020 NONE TODAY
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
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).
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.