Markets were mixed today as the S&P 500 Index has stalled at the 3215 Target for Wave 5 up. The NASDAQ 100 was able to make New Highs again and the Big FAAMNG stocks were holding the Markets up (AAPL up another $11.) The Leaders are up in the Red Zones (probably too late to Buy for the Short Term).
The Markets will eventually 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 in the Red Zone).
Please remember that the Markets have bounced up about 45 % from the March Lows, and are currently over-bought from “Good News” Buyers. Do you have discipline to WAIT for a pull-back?
Bonds were up again today, but the Relative Strength is now below 90.
Crude Oil was up $0.68 today at $38.87.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/09/2020
INO INOVIO PHARMA. Money Wave Buy today. Hopefully you got some on the JUMP START. INO will not be logged as it is already up 6 %
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.)
VXX VOLATILITY INDEX Buy if it Closes above the Pink Line at $31.86 on High Volume.
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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.)
BCRX BIOCRYST PHARMA. Money Wave must Close in the Green Zone.
ENPH ENPHASE ENERGY Buy if it Closes above the Pink Line around $55.31 on High Volume.
GNUS GENIUS BRAND Money Wave must Close in the Green Zone.
KGC KINROSS GOLD Buy if it Closes above the Pink Line around $6.41 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.
SRNE SORRENTO THERA. EXIT if it is going to Close below your Buy Price or $4.72. 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.
