Markets gapped down on the opening today and then the S&P 500 Index bounced up near the Green Line around 2955. Then the DOW Index rallied up over 200 points. Most of the strongest Indices are coming back down in the Green Zones soon for Money Wave Buy Signals.
The better trades happen when the S&P 500 Index is also in the Green Zone (it is down to the Green Zone today).
Remember that the Markets have bounced up about 40 % from the March Lows, and were very over-bought from “Good News” Buyers.
Bonds were up slightly today.
Crude Oil was up $0.70 today at $36.96.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/15/2020
TGTX TG THERAPEUTICS Money Wave Buy today. Target is $22.00. EXIT if it is going to Close below the Red Line of $16.45.
DVAX DYNAVAX TECH CORP. Money Wave Buy today. DVAX will not be logged as it is already up 10 % today. Maybe tomorrow around $5.75.
GNUS GENIUS BRAND Money Wave Buy today. GNUS will not be logged as it is already up 10 % today.
PENN PENN NAT’L. GAMING Money Wave Buy today. PENN will not be logged as it is already up 5 % today and the Volume is below average of 15 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.)
ENPH ENPHASE ENERGY Buy if it Closes above the Pink Line around $51.70 on High Volume.
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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.)
QQQ NASDAQ 100 FUND Money Wave must Close in the Green Zone.
XLK TECH FUND Money Wave must Close in the Green Zone.
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 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.