Markets were mixed today as the Leaders are quickly returning back up to the Red Zones (probably too late to Buy for the Short Term). Last week’s pull-back was not enough to get many Investments over-sold for a larger bounce. The Volume on this bounce is poor, indicating that many Investors are WAITING for better prices. Rallies are only happening on Good News days, and it looks like Smart Money is only Buying more on dips.
The S&P 500 Index bounced up off the Red Line (50-day avg.) on Monday, and now needs to exceed the Highs of last week for this rally to continue. Failure to make Higher Highs could be Bearish.
Please WAIT for the Strongest Indices and Leaders to return back down into the Green Zones for Money Wave Buy Signals. This can be frustrating, but worth it. The better trades happen when the S&P 500 Index is also in the Green Zone.
Remember that the Markets have bounced up about 40 % from the March Lows, and were very over-bought from “Good News” Buyers.
Bonds were up slightly today.
Crude Oil was down $0.46 today at $37.92.
BUYS TODAY 6/17/2020 NONE TODAY
“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.)
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
EQT EQT CORP. Money Wave must Close in the Green Zone.
TEAM ATLASSIAN CORP. Money Wave must Close in the Green Zone.
UNFI UNITED NAT’L. FOODS Buy if it Closes above $17.51 on High Volume.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Follow 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
ENPH ENPHASE ENERGY EXIT if it is going to Close below Support of $45.43. This trade was not logged.
GNUS GENIUS BRANDS EXIT if it is going to Close below Support of $3.03. 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?
ETF SECTOR ROTATION SYSTEM
NEW TOP 100 LIST Updated June 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.
