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June 16, 2020

Money Wave Alert! Jun 16, 2020

SPX 60 Chart
S&P 500 Index is re-testing last week’s High.

Markets “Gapped Up” today on news of more FED Printing to prop up the Economy. Yesterday morning the S&P 500 Index went almost down into the Green Zone, and now it is bouncing up to re-test the Highs of last week. Failure to make Higher Highs could be Bearish. Not many New Highs today. 

Most of the strongest Indices did not quite make it back down in the Green Zones yesterday for Money Wave Buy Signals. This can be frustrating to Wait. The better trades happen when the S&P 500 Index is also in the Green Zone (almost down to the Green Zone yesterday). 

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 today. 

Crude Oil was up $0.86 today at $37.98.

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

RECENT DAY TRADE POPS (Jun 13, 2002)

Symbol              Buy Alert Level                      Target                Sell Stop Loss

CEMI                Buy Stop Above $9.70            $12.00               Popped up 11.1 % to $10.78.

NKLA               Buy Stop Above $67.59          $82.00               Popped up 8.7 % to $73.50.   

NVAX               Buy Stop Above $47.51          $55.00               Popped up 10.6 % to $52.57.

BUYS TODAY    6/16/2020    

ENPH     ENPHASE ENERGY      Buy Signal today by Closing above the Pink Line.  ENPH will not be logged as it is already up 7 % today on the Jump Start. 

MARK     REMARK HOLDINGS INC.      Money Wave Buy today.  MARK will not be logged as it is already up 21 % today. 

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.)     

UNFI     UNITED NAT’L. FOODS    _____________________________________________________________________________________________________________________________________________________  

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.

QQQ     NASDAQ  100 FUND      Money Wave must Close in the Green Zone.     

TEAM     ATLASSIAN CORP.      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).

___________________________________________________________________________________________________

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.

Related Post

– Money Wave Alert! Jun 15, 2020

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