Markets were mixed today after the Large Cap Techs continued to blow out in the morning. The Strongest Leaders are very extended for the Short Term. The S&P 500 Index made it up to the early June Highs of 3233, and then back off. The S&P 500 needs to exceed this High for this rally to continue.
Currently the value of the Ten Largest Stocks is 30% of the entire US Stock Market. Historically this is not a Bullish indicator for long.
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 mixed today.
Crude Oil was down $0.81 today at $39.74.
BUYS TODAY 7/13/2020
TBIO TRANSLATE BIO Bought above $18.66 today with a Target of $25.00. EXIT below $18.11 (3 % below).
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
GNUS GENIUS BRANDS INT’l. 2nd Money Wave Buy soon.
IZEA IZEA WORLDWIDE INC. Volume was poor today. Buy above $1.24 with a Stop 3% below. (2nd Buy Entry soon).
UONE URBAN ONE INC. Buy above $17.50 with a Sell Stop Loss 3% below.
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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.
NKLA NIKOLA CORP. Wait to Buy around $46.
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
Z ZILLOW GROUP EXIT if it is going to Close below the Pink Line around $60.59, if you still have it.
BCRX BIOCRYST PHARMA. EXIT if it is going to Close below the Pink Line around $5.15. This trade was not logged.
MGNX MACROGENICS INC. EXIT if it is going to Close below the Pink Line around $29.61. This trade was not logged.
OLLI OLLIE’s BARGAIN OUTLET EXIT if it is going to Close below the Pink Line around $98.01. 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.