Markets were slightly lower today as the S&P 500 Index is still struggling to hold above the April High of 2955 again. The FEAR is down and the Volatility Index is back down in the Green Zone, which normally means that the Markets would have some Profit Taking soon. The Volume today is low.
Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term), so nimble Traders might want to raise some Cash or Sell Covered Call Options on investments that they plan on keeping.
NEW SUBSCRIBERS: Most of the Leaders are over-bought again, so please WAIT for the Leaders to return to their Green Zones for Money Wave Buys. 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 34 % from the March Lows, and are over-bought.
Bonds were up again today.
Crude Oil was up $0.32 today at $33.81.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/21/2020
CODX CO-DIAGNOSTICS INC. Money Wave Buy today. CODX is a wild one, so it will not be logged as today’s Volume is well below average of 9.5 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.)
UNFI UNITED NATURAL FOODS
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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.)
INSG INSEEGO CORP. Buy if it Closes above the Resistance of $10.64 on High Volume.
LLY ELI LILLY & CO, Money Wave must Close 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
GOLD BARRACK GOLD CORP. EXIT on the Close today if it is going to Close below your Buy Price or $27.14. 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.
