Markets were down again today as the Indices rolled over Below the Green Lines. Most of the Leaders were back up in the Red Zones (probably too late to Buy for the Short Term), but are coming down now. Please be patient and WAIT for the Leaders to return to their Green Zones Buys for more Money Wave Buy Signals. The S&P 500 was in the Red Zone yesterday and now has Support at 2798. The BioTechs are currently the strongest Sector. Swing Trading,
The Markets were ignoring the Economic weakness, as the FED is Printing Money at full speed. Please remember that the Markets have bounced up about 30 % from the March Lows, and are over-bought.
Bonds were up again today.
Crude Oil was down $0.74 today at $25.04.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/13/2020
VXX VOLATILITY INDEX Money Wave Buy today. VXX 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.)
NONE TODAY
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Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click 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
CNX CNX RESOURCES EXIT if it is going to Close below Support of $9.96. This trade was not logged.
XLK TECH FUND Was Stopped Out on the Close yesterday on the late Sell-off.
LLY ELI LILLY Was Stopped Out on the Close yesterday on the late Sell-off. This trade was not logged.
XLV HEALTH CARE FUND Was Stopped Out on the Close yesterday on the late Sell-off. This trade was not logged.
Click for PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW ETF SECTOR ROTATION SYSTEM
NEW! TOP 100 LIST Updated May 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.