Markets were up today after the Large Cap Techs and Leaders got hit pretty hard with Selling yesterday. The Strongest Investments are bouncing at their Pink Lines (10-day avgs.) to avoid a Short Term Sell Signal. There is still some late chaser money wanting to Buy, but the Volume is low (about out?)
The Strongest Leaders were very extended but are now about 1/2 way back down to the Green Zones. Maybe down once more on the S&P 500 Index to get more Investments over-sold enough to Buy.
Please WAIT for the Leaders to return back down into the Green Zones for Money Wave Buy Signals soon. The better trades happen when the S&P 500 Index is also in the Green Zone. (The S&P 500 is still up near the Red Zone).
Please remember that the Markets are up 43% from the March Lows, and are over-bought from “Good News” Buyers.
Bonds were mixed today.
Crude Oil was up $0.16 today at $40.26.
BUYS TODAY 7/14/2020
SWBI SMITH & WESSON BRANDS Wave Buy today.. SWBI will not be logged as it is already up 9 % Today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
GNUS GENIUS BRANDS INT’l. 2nd Money Wave Buy soon.
UONE URBAN ONE INC. Buy above $17.50 with a Sell Stop Loss 3% below.
YY JOYY INC. Relative Strength is Below 90.
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Money Wave Buys Signals Soon (3 Days-3 Weeks Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
ETSY ETSY INC. Money Wave must Close in the Green Zone.
IZEA IZEA WORLDWIDE INC. Buy above $1.24 with a Stop 3% below. (2nd Buy Entry soon).
NKLA NIKOLA CORP. Wait to Buy around $46.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the 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
IZEA IZEA WORLDWIDE INC. LOWER the Sell Stop Loss below $0.90 until it bottoms. This trade was not logged.
Click for CURRENT POSITIONS and adjust your Sell Stops.
Click for CLOSED POSITIONS,
ARE YOUR iNVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
NEW TOP 100 LIST Updated July 2, 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.