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Markets were higher on the opening today as the S&P 500 was able to exceed the mid April High of 2879 for this rally to continue. Later today much of the rally was gone. Low Volume is a concern for Bulls.
Some of the Leaders were able to make Higher Highs, but not many good trades recently as the Markets are too over-bought.
If the Markets cannot get above the Green Lines, then the weaker Indices like the Small Caps, Transports & NYSE could easily go back down once more. This rally from the Lows could be an A-B-C up on Elliott Wave count, and then maybe back down again. All of the major Indices except the NASDAQ 100 are still Below the Green Lines, which is Bearish.
NEW SUBSCRIBERS: Be patient and WAIT for the S&P 500 Index and the Leaders to come back down and return to the Green Zones for more Buy Signals soon (it does not take that long).
CHECK OUT THE DAY TRADE WATCH LIST.
Bonds were down again today.
Crude Oil was up $0.03 today at $12.83.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/28/2020
EQT EQT CORP. Money Wave Buy today. EQT will not be logged as the Volume is below average of 12 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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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LLNW LIMELIGHT NETWORKS INC. Relative Strength is Below 90. Buy if it Closes above $5.63 on High Volume.
RWM INVERSE SMALL CAP FUND (2nd Entry soon)
ZS ZSCALER INC. Money Wave must Close 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).
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SELLS TODAY
RWM INVERSE SMALL CAP FUND LOWER the SELL STOP LOSS slightly to today’s Low of $40.84. The Money Wave is back down in the Green Zone and the Relative Strength is still 90.
AMD ADVANCED MICRO EXIT if it is going to Close below the Pink Line around $55.89. This trade was not logged
IAU GOLD FUND EXIT if it is going to Close below your Buy Price, or $16.40. This trade was not logged.
TDOC TELADOC HEALTH EXIT if it is going to Close below the Pink Line around $181.01. This trade was not logged
Click for PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW ETF SECTOR ROTATION SYSTEM (LINK)
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.