Markets were up today on more low Volume. The Big Techs and some of the Leaders were higher, but the Buying power is not convincing. Most big daily moves now are on Good News or Earnings, and many Earnings are out by now. Many investors are hoping on more of a rally and are afraid to Sell with the FED Printing Money at full speed.
Many Leaders are not bouncing up much from the recent Money Wave Buys this time. The Leaders need to make Higher Highs than last week for progress to be made. If they struggle on this Low Volume, that could be Bearish. The Watch List is small again.
Looks like another attempt for the Market to go back up to the Green Line again this week. 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.
Bonds were up today with a Money Wave Buy Signal on low Volume.
Crude Oil was down $0.64 today at $23.35.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/07/2020
TLT US GOV’T BOND FUND Money Wave Buy today. TLT will not be logged as the Volume is below average of 17.5 MIL.
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. Buy if it is going to Close above $11.59.
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
AMD ADVANCED MICRO EXIT if it is going to Close Below your Buy Price, or $52.19.
CNX CNX RESOURCES EXIT if it is going to Close Below Support of $9.96. This trade was not logged.
EQT EQT CORP. EXIT if it is going to Close Below your Buy Price, or $13.39. 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 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.
Hi there. How did you determine the buy price on INO if it meets or exceeds 11.59. Thanks
Thank you for writing!
INO tried to rally on Tuesday abd failed at $11.59, so $11.59 became Resistance. Closing above Resistance should be Bullish:
INO Chart
Hi, how do you calculate or decide if the volume is right or buy? for example you said “TLT will not be logged as the Volume is below average of 17.5 MIL”
Thank you,
Abdi
If the Investment gets a Buy Signal, the Volume should be MUCH higher than normal, showing high interest of Buying.
Below average Volume on a Signal has a lower probability of success.
TLT has average Volume of 17 MIL, and yesterday was only 9 MIL.
Good trading and tell your friends!
TLT Chart
Where/what website do you find your average volume information? It is hard to see average volume on Stockcharts.
We use the 50-day average Volume, and it is the Purple Line with the Volume bars.
We want the Volume to be Above the Purple Line on Buy Signals (see chart below).
EQT Chart