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June 12, 2020

Money Wave Alert! Jun 12, 2020

XLK Chart
The Tech Fund (XLK) is quickly coming back down to the Green Zone for a Money Wave Buy soon.

 

Markets were mixed today after yesterday’s drop. The S&P 500 Index should bounce near the Green Line around 2953. Most of the strongest Indices should be back down in the Green Zones soon for Money Wave Buy Signals.

The NASDAQ 100 is holding up the best. Please WAIT for the Leaders to come up out of the Green Zones for Money Wave Buy Signals. The better trades happen when the S&P 500 Index is also in the Green Zone (now coming down to the Green Zone). 

Remember that the Markets have bounced up about 40 % from the March Lows, and were very over-bought from “Good News” Buyers. 

Bonds  were down slightly today. 

Crude Oil was up $0.20 today at $36.54.

The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.

BUYS TODAY    6/12/2020    

WORK     SLACK TECH INC.      Money Wave Buy today.  WORK will not be logged as the Volume is below average of 18.5 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.)     

DVAX     DYNAVAX TECH CORP. 

GNUS     GENIUS BRAND 

_______________________________________________________________________________________________________________________________________________ 

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.)    

ENPH     ENPHASE ENERGY      Buy if it Closes above the Pink Line around $52.55 on High Volume.    

MARK     REMARK HOLDINGS INC.

PENN     PENN NAT’L. GAMING

TGTX     TG THERAPEUTICS

UNFI     UNITED NAT’L. FOODS     

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   

OSUR     ORASURE TECH     LOWER the Sell Stop Loss by 17 cents to $10.00 until it bottoms.

 

NFLX     NETFLIX      EXIT if it is going to Close below the Pink Line around $423.62. This trade was not logged. 

VXX      VOLATILITY INDEX      EXIT if it is going to Close below your Buy Price or $41.61. This trade was not logged.     

Click for   PORTFOLIO  (Open 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 June 1, 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.

 

HAVE A SAFE WEEKEND!

Posted By AbovetheGreenLine at 2:44 pm Leave a Comment Tagged With: premium

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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