Markets were down sharply today as the S&P 500 Index gapped down below the Pink Line (10-day avg.) to create a Short Term Sell Signal. Next Support on the S&P 500 is the Green Line around 2953.
The NASDAQ 100 is holding up much better. Please WAIT for the Leaders to come down from the Red Zones (probably too late to Buy for the Short Term). Eventually the Markets will correct back down to the Red Lines (50-day averages) so please be patient and WAIT for Green Zone Buys. The better trades happen when the S&P 500 Index is also in the Green Zone (now coming down from the Red Zone).
Please remember that the Markets have bounced up about 40 % from the March Lows, and are currently over-bought from “Good News” Buyers. Do you have discipline to WAIT for a pull-back? Most cannot WAIT, and are one again Buying Way Above the Green Lines.
Bonds were up again today on Fear.
Crude Oil was down $3.93 today at $35.67.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/11/2020
VXX VOLATILITY INDEX Gapped Up above the Pink Line at $31.62. VXX will not be logged as it is already up 27 % today.
ALT ALTIMMUNE INC. Money Wave Buy today. ALT will not be logged as it is already up 18 % 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.)
NONE TODAY
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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.)
ENPH ENPHASE ENERGY Buy if it Closes above the Pink Line around $53.61 on High Volume.
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
CODX CO-DIAGNOSTICS INC. EXIT if it is going to Close below Support of $15.80. This trade was not logged.
IMMU IMMUNOMEDICS INC. EXIT if it is going to Close below your Buy Price or $32.38. This trade was not logged.
INO INOVIO PHARMA EXIT if it is going to Close below your Buy Price or $12.76. This trade was not logged.
INSG INSEEGO CORP. EXIT if it is going to Close below Support of $9.65. This trade was not logged.
TGTX TG THERA EXIT if it is going to Close below Support of $17.16. This trade was not logged.
VBIV VBI VACCINES INC. EXIT if it is going to Close below your Buy Price, or $2.15. This trade was not logged.
Click for PORTFOLIO (Open 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 June 1, 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.
