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.
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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 3/6/2020
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
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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).
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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!
