Markets were up again today as the 30 DOW Stocks were strong, and the DOW finally hit the Green Line. Several of the Leaders got hit this morning with Selling, but Buyers quickly snapped them back up. The NASDAQ 100 slipped below the Pink Line this morning but was able to Close back above it to avoid a Short Term Sell Signal. Big Techs closed well above today’s Lows.
NEW SUBSCRIBERS: If you are cautious now, remember that the better trades happen when the The S&P 500 is also back down to the Green Zone (now in the Red Zone).
Please remember that the Markets have bounced up about 36 % from the March Lows, and are currently over-bought. Do you have discipline to WAIT?
Bonds were mixed today.
Crude Oil was down $1.56 today at $32.79.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/27/2020
ATVI ACTIVISION BLIZZARD INC. Money Wave Buy today. Target is $76.00. EXIT if it is going to Close below $66.59.
CLX CLOROX CO. Money Wave Buy today. Target is $210.00. EXIT if it is going to Close below $193.33.
ETSY ETSY INC. Money Wave Buy today. ETSY will not be logged as the Volume is below average of 4.5 MIL.
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.)
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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.)
VXX VOLATILITY INDEX Buy if it is going to Close above $35.43 on High Volume.
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
OSUR ORASURE TECH LOWER the Sell Stop Loss below the Red Line of $13.18.
INO INOVIO PHARMA. EXIT if it is going to Close below the Pink Line around $14.09. This trade was not logged.
NLOK NORTON LIFELOCK EXIT if it is going to Close below Support of $19.73. This trade was not logged.
XBI BIOTECH FUND EXIT if it is going to Close below the Pink Line around $103.25. 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?
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.
