Markets were up slightly today after yesterday’s drop. The Large Cap Leader are very extended for the Short Term. The NASDAQ 100 Fund and the very largest Leaders are still on New Highs. 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 down today.
Crude Oil was up $0.33 today at $40.63.
BUYS TODAY 7/08/2020 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).
SELLS TODAY NONE TODAY
SEDG SOLAREDGE TECH Target Hit at $155 for 12.3% Gain, or have a Sell Top Loss below the Pink Line.
VXX VOLATILITY INDEX EXIT if it is going to Close below $32.38.
BCRX BIOCRYST Target Hit at $5.50 for 13.9% Gain, or have a Sell Top Loss below the Pink Line. This trade was not logged.
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.