Markets were lower again today as more selling came in with most of the Indices Below the Green Lines. Many Leaders are quickly back down in the Green Zones for Money Wave Buy Signals soon. The Watch List below has grown, so probably a bounce soon for the Leaders.
The S&P 500 is at the 62% Retracement Level of the decline since the January Highs. Historically that Level could be the Top of a weak Market. We will see if the Markets roll over soon, or not.
NEW SUBSCRIBERS: NOW the Leaders have come back down to the Green Zones for Buy Signals soon. This is what we wait for. Also good when the S&P 500 Index is also back down in the Green Zone.
Bonds were up slightly today.
Crude Oil was up $0.73 today at $19.57.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/01/2020
VXX VOLATILITY INDEX Money Wave Buy today. VXX will not be logged as it is already up 10 % today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
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INO INOVIO PHARM. Money Wave must Close in the Green Zone.
RWM INVERSE SMALL CAP FUND Buy if it Closes above the Pink Line of $43.17. (2nd Entry soon)
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on 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
BABA ALIBABA GROUP LOWER the Sell Stop Loss below the Green Line of $191.27. BABA gapped down today on Bad News. Try to Sell up around $201.50 soon.
QQQ NASDAQ 100 FUND EXIT if it is going to Close below the Pink Line around $213.07.
VIPS VIPSHOP HOLDINGS EXIT if it is going to Close below the Red Line of $15.50.
INO INOVIO PHARMA. EXIT if it is going to Close below the Pink Line around $12.20. This trade was not logged.
SHOP SHOPIFY INC. EXIT if it is going to Close below the Pink Line around $625.31. This trade was not logged.
UIS UINISYS CORP. EXIT if it is going to Close below your Buy Price, or $11.56. This trade was not logged.
Click for PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW ETF SECTOR ROTATION SYSTEM (LINK)
NEW! TOP 100 LIST Updated Mar 31, 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.
HAVE A SAFE WEEKEND!