Markets were down again today as Oil Prices collapsed. and more FEAR Selling. Investments that are still above their Green Lines should bounce well when the FEAR SELLING is over.
We are Lowering the Sell Stop Losses and NOT SELLING anything today on this panic. If you are uncomfortable with that, maybe Sell investments that are Below the Green Lines. This FEAR is very similar to the December 2018 Low (see chart above), and then the Markets had a big bounce… The next bounce might not be that strong, but will normally run up to the Red Lines (50-day averages).
So far the Strongest Leaders are holding up on this pull-back (Bullish). The higher Volume Leaders are: AAPL ABBV BMY MSFT NLOK PLUG SHOP & TSLA) should be good to Buy if the Markets bounce soon.
Bonds were way up again today on Panic Buying, and are very over-bought.over
Crude Oil was down $10.10 today at $31.15.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 3/9/2020 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).
ICLN GLOBAL CLEAN ENERGY FUND LOWER the Sell Stop Loss to below the Green Line of $11.07 on the Close.
QQQ NASDAQ 100 LOWER the Sell Stop Loss to today’s Low of $192.11 on the Close.
SMH SEMICONDUCTOR FUND LOWER the Sell Stop Loss to today’s Low of $120.66 on the Close.
TMUS T-MOBILE US LOWER the Sell Stop Loss to below the Green Line of $78.81 on the Close.
XLK TECH FUND LOWER the Sell Stop Loss to today’s Low of $81.50 on the Close.
CYH COMMUNITY HEALTH LOWER the Sell Stop Loss to below the Green Line of $3.69 on the Close. This trade was not logged.
NLOK NORTON LIFELOCK LOWER the Sell Stop Loss to below the Green Line of $14.70 on the Close. This trade was not logged.
Check 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.