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March 6, 2020

Money Wave Alert! Mar 6, 2020

QQQ Chart
The Leading NASDAQ 100 Fund (QQQ) is Higher than last week with Lower Selling Volume.

 

Markets were down again today on more FEAR Selling. So far most of the Indices are holding up above last week’s Lows except the Small Caps and Transports. Next week the Indices need to bounce up above last week’s Lows to begin a Bullish bottom.

So far the Strongest Leaders and Indices are holding up very well on this pull-back (Bullish). The Leaders that we missed Buying on Monday because they shot up too much (AAPL CYH NLOK SHOP & TSLA) should be good to Buy very soon if the Markets hold here.

The Market Volume is lower this time down as most of the Emotional Fear Sellers have probably sold out. The Market decline was very steep last week, and that usually takes longer to bottom. The Markets are down about 1 % this week.

Bonds  were way up today on Panic Buying, and are very over-bought.

Crude Oil was down $4.73 today at $41.20.

______________________________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.

BUYS TODAY    3/6/2020    

 

AGRX     AGILE THERA.      Money Wave Buy today.  AGRX will not be logged, as it is already up 12 % today.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

THERE WILL BE NO LONG TERM TRADES THIS WEEK.

 

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.)  

NONE TODAY

______________________________________________________________________________________________________________________________________________

APT     ALPHA PRO TECH     

RNG     RING CENTRAL INC.     

UIS     UNISYS CORP.

Z     ZILLOW GROUP      Buy if it Closes above the Pink Line of $54.64 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).

___________________________________________________________________________________________________

SELLS TODAY     

 

TMUS     T-MOBILE US     LOWER the Sell Stop Loss to $84.38 on the Close.

 

GE     GENERAL ELECTRIC     EXIT if it is going to Close below $9.86.  This trade was not logged.

 

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.

 

HAVE A NICE WEEKEND!

Related Post

– Money Wave Alert! Mar 5, 2020

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