Markets were down today on more low Volume. Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). The Leaders need to make Higher Highs than last week for progress to be made. The Watch List below is small again, and 2 are Inverse Funds.
Please be patient and WAIT for more Green Zones Buys. The S&P 500 is in the Red Zone, and needs to Close above 2955 to make progress. The BioTechs held the Markets up today.
The Markets are ignoring the Economic weakness, as the FED is Printing Money at full speed. Please remember that the Markets have bounced up about 30 % from the March Lows, and are over-bought.
Bonds were up today as they are trying to bounce up off the Red Line (50-day avg.)
Crude Oil was up $1.84 today at $25.98.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/12/2020
RWM SMALL CAP INVERSE FUND Target is $53.00.. EXIT if it is going to Close below $40.13.
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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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.)
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
WMT WALMART INC. EXIT if it is going to Close below your Buy Price or $124.73.
XLK TECH FUND Was Stopped Out on the Close.
LLY ELI LILLY Was Stopped Out on the Close. This trade was not logged.
XLV HEALTH CARE FUND Was Stopped Out on the Close. 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.