Markets “Gapped Up” today after a successful re-test of the recent Lows yesterday. However, all investors are not convinced, as the Volume on the Markets is lower from the Buying. Most of the Stronger Indices have stalled out below their Red Lines (50-day avgs.) and closing above the Red Lines should bring in more Buying. So far the Strongest Leaders only gave up about half of the recent up move yesterday on the pull-back (Bullish).
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 we might be taking some Short Term profits soon, if there is a chance of Buying them again, lower.
The best trades are usually when the S&P 500 Index is ALSO coming up out the Green Zone (like on Monday),
Bonds were finally down today, and are very over-bought.
Crude Oil was down $0.15 today at $47.08.
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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 3/4/2020
CYH COMMUNITY HEALTH SYSTEMS Money Wave Buy today. CYH will not be logged as it is already up 8 % today. Try to Buy around $5.20.
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.)
NONE TODAY
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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.
