Markets were down today as the Indices are struggling 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 26 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 again today.
Crude Oil was up $0.34 today at $20.43.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 3/31/2020
RWM SMALL CAP INVERSE FUND Money Wave Buy today. Target is $57.00. EXIT if it is going to Close below $47.06.
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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CODX CO-DIAGNOSTICS INC. Buy if it Closes above the Pink Line of $9.27 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
CLX CLOROX CO. EXIT if it is going to Close below your Buy Price, or $173.19.
NVDA NVIDIA CORP. EXIT on the Close today, or have a tight Sell Stop Loss below it (both positions). NVDA is up 45 % from the recent Lows (we bought too early), and we will try to Buy again, lower. It is currently in the Red Zone.
Click for PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW! TOP 100 LIST Updated Mar 31, 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