Markets were mixed today, but the NASDAQ 100 is back up near the Highs. The S&P 500 Index needs to exceed the early June Highs for this rally to continue. Trading was very slow again as Friday is the July 4th Holiday.
Please WAIT for the Strongest Indices and Leaders to return back down into the Green Zones for Money Wave Buy Signals soon. The better trades happen when the S&P 500 Index is also in the Green Zone. (The Money Wave on the S&P 500 is back up to 72).
Please remember that the Markets are up 41% from the March Lows, and are over-bought from “Good News” Buyers.
Bonds were down again today.
Crude Oil was up $0.55 today at $39.82.
BUYS TODAY 7/01/2020
ANGI ANGIE’S LIST INC. Money Wave Buy today. ANGI will not be logged as it is already up 8% today.
YY YY INC. Money Wave Buy today. YY will not be logged as the Volume is way below average of 1.2 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.)
ADAP ADAPTIMMUNE THERA. Jul 1 Very low Volume today. Abort this Trade.
UONE URBAN ONE INC. Jul 1 No Volume today. Buy above $23 with a 3% Sell Stop Loss.
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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.
BYND BEYOND MEAT INC. Buy if it Closes above $146.00 with a Sell Stop Loss 3% below ($141.62).
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).
CORRECTION from Yesterday: The ETF Sector Rotation System Sells all 5 positions on the last day of the month, and then allocates 20% into the 5 Funds below which will be bought today.
The 5 Funds for the 3rd Quarter of 2020 are:
SPY S&P 500 Fund
EEM Emerging Markets World Fund
SLV SILVER FUND
QQQ NASDAQ 100 Fund
IAU Gold Fund (20% in each Fund).
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SELLS TODAY
MGNX MACROGENICS EXIT if it is going to Close below the Pink Line around $28.21 for a 27.1 % Gain. This trade was not logged.
Click for CURRENT 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.
