Markets were up today after yesterday’s decline. Some of the Large Cap Techs had some mild profit taking. The Strongest Leaders are very extended for the Short Term. The S&P 500 Index needs to exceed the early June Highs of 3233 for this rally to continue.
Please WAIT for the 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 S&P 500 is still up near the Red Zone).
Please remember that the Markets are up 43% from the March Lows, and are over-bought from “Good News” Buyers.
Bonds were down slightly today.
Crude Oil was up $0.90 today at $40.52.
BUYS TODAY 7/10/2020 NONE TODAY
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
IZEA IZEA WORLDWIDE INC. Buy above $1.18 with a Stop 3% below. (2nd Buy Entry soon).
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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.
GNUS GENIUS BRANDS INT’l. 2nd Money Wave Buy soon.
NKLA NIKOLA CORP. Wait to Buy around $46.
TBIO TRANSLATE BIO Buy above $18.66 with a Sell Stop Loss 3 % below.
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
DVAX DYNAVAX TECH EXIT if it is going to Close below the Pink Line around $8.81 for a 36 % 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 July 2, 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.
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