Markets were lower today as the S&P 500 stalled after returning back up to the Green Line. Several Leaders are quickly back down in the Green Zones for Money Wave Buy Signals soon. The Watch List below has grown, so probably a bounce soon for the Leaders.
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.
NEW SUBSCRIBERS: Be patient and WAIT for the S&P 500 Index and the Leaders to come back down and return to the Green Zones for more Buy Signals soon (it does not take that long).
Bonds were down again today.
Crude Oil was up $3.82 today at $18.88.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 4/30/2020
CLX CLOROX CO. Money Wave Buy today. CLX will not be logged as the Volume is below average of 2.8 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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AMD ADVANCED MICRO Money Wave must Close in the Green Zone.
NFLX NETFLIX INC. Money Wave must Close in the Green Zone.
RWM INVERSE SMALL CAP FUND (2nd Entry soon) Below the Green Line.
VXX VOLATILITY INDEX Buy if Closes above $39.57 on High Volume.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on 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
VIPS VIPSHOP HOLDINGS LOWER the Sell Stop Loss 20 cents to the Red Line of $15.50.
INO INOVIO PHARMA. EXIT if it is going to Close below the Pink Line around $11.85. 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 Mar 31, 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.