Markets “Gapped Up” today on panic Buying of the Large Cap Leaders. 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.
Some stock values are very strange now. Tesla had a net Loss last year, but is now 122% Above the Green Line (very rare). TSLA is currently worth more than Disney Bank of Amer. & Toyota.
Many ask for the definition of Way Above the Green Line. That is when you will probably have a “sick feeling” if you Buy there, and then the Investment Returns to the Green Line.
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 quickly back up in 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 today.
Crude Oil was down $0.03 today at $40.62.
BUYS TODAY 7/06/2020
OLLI OLLIE’S BARGAIN OUTLET Money Wave Buy today. OLLI will not be logged as it is already up 6% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
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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.
BYND BEYOND MEAT INC. Buy if it Closes above $146.00 with a Sell Stop Loss 3% below ($141.62).
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 NONE TODAY
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.