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