Markets will be Closed on Friday July 3, 2020 for Independence Day Holiday.
Markets were up today, as the NASDAQ 100 Fund and the very largest Leaders made New Highs. The S&P 500 Index needs to exceed the early June Highs of 3233 for this rally to continue. Trading was very slow again as tomorrow is the July 4th Holiday.
Some of the “Stay at Home” Leaders have really blown out on panic Buying. ZM SHOP AMZN MSFT JD SE & TSLA have stretched Way Above the Green Lines this week as many Institutional Investors are on vacation. Many of the Strongest Indices and Leaders are back up in the Red Zones (probably too late to Buy for the Short Term}.
Please WAIT for them 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 quickly back up in the Red Zone).
Please remember that the Markets are up 42% from the March Lows, and are over-bought from “Good News” Buyers.
Bonds were mixed today.
Crude Oil was up $0.62 today at $40.44.
BUYS TODAY 7/02/2020 NONE TODAY
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.
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).
The Dividend & Growth System is set up to Dollar Cost Average $2,000 monthly into the Fund. The Fund will Buy 80 shares of ABBV AbbVie Inc. with the $8,000 accumulated since inception.
GNUS GENIUS BRAND GNUS was up 60% today. EXIT on the Close today (2nd Buy Position only), or have a tight Sell Stop Loss below it to capture maybe a 30% Gain.
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.
HAVE A SAFE HOLIDAY WEEKEND!