Markets were down Big today after the DOW 30, the Small Caps, and NYSE all failed below their Green Lines yesterday, and then dropped today. Now they need to hold above last week’s Lows to begin a Bullish bottom.
So far the Strongest Leaders and Indices only gave up about half of the recent up move on this pull-back (Bullish). Most of the Stronger Indices stalled out below their Red Lines (50-day avgs.) yesterday. Closing above the Red Lines should bring in more Buying.
The Market Volume is drying up 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. Most of the Leaders had Short Term Buy Signals on Monday, so NEW SUBSCRIBERS please Wait for the Watchlist below to grow, and have more Money Wave Buy Signals soon.
The best trades are usually when the S&P 500 Index is ALSO coming up out the Green Zone (like on Monday),
Bonds were up today on Fear, and are very over-bought.
Crude Oil was down $0.94 today at $45.84.
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The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 3/5/2020 NONE TODAY
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
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Z ZILLOW GROUP Buy if it Closes above $56.29 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 NONE TODAY
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.
