Markets were lower today as the Large Cap Leader were getting too extended for the Short Term. The NASDAQ 100 Fund and the very largest Leaders made New Highs again. 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 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 up today.
Crude Oil was down $0.33 today at $40.30.
BUYS TODAY 7/07/2020
VXX VOLATILITY INDEX BUY above $33.06 with a 3 % Sell Stop Loss below it.
INO INOVIO PHARMA. Money Wave Buy today. INO will not be logged as it is already up 13% today.
MNTA MOMENTA PHARMA. Money Wave Buy today. MNTA will not be logged as ithe Volume is below average of 1.2 MIL.
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.)
NONE TODAY
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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.
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
Z ZILLOW GROUP INC. Target was Hit at $65 for a 12.9 % Gain, or have a Sell Stop Loss below the Pink Line around $59.49.
GNUS GENIUS BRAND INT’L. LOWER the Sell Stop Loss below $2.11. This trade was not logged.
MARK REMARK HOLDINGS EXIT if it is going to Close below Support of $2.15. This trade was not logged.
YY YY INC. EXIT if it is going to Close below Support of 86.13. 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.