Markets were up again today as the S&P 500 Index went slightly above last Thursday’s Highs. Most of the Leaders are so extended that they are not moving much lately. The NASDAQ 100 Index was mixed today. The S&P 500 Index is holding above the Pink Line (10-day avg.) of 3002 to avoid going into a Short Term Sell Signal.
Several recent Buys below might get stopped out today. Markets are too over-bought now to get many good pops. WAIT for the Watch List below to grow. The Reward / Risk of Buying now is not the 2:1 upside ratio that you want to accept.
NEW SUBSCRIBERS: If you are a cautious Investor, remember that the better trades happen when the The S&P 500 is also back down to the Green Zone (now in the Red Zone).
Please remember that the Markets have bounced up about 36 % from the March Lows, and are currently over-bought. Do you have discipline to WAIT?
Bonds were down today.
Crude Oil was up $1.57 today at $36.81.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/02/2020
MGNX MACROGENICS INC. Money Wave Buy today. MGNX actually did not go into a Buy yesterday. MGNX will not be logged as the Volume is well below average of 3.7 MIL.
VBIV VBI VACCINES INC. Money Wave Buy today. VBIV will not be logged as it is already up 7.5 % 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.)
BCRX BIOCRYST PHARMA. Money Wave must Close in the Green Zone.
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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.)
VOLATILITY INDEX Buy if it is going to Close above $35.43 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 below the Green Line until it bottoms. They are doing a Secondary offering (Bad News), and we don’t like to Sell on Bad News. Maybe Sell soon up near the Pink Line around $13.50
NEM NEWMONT CORP. EXIT if it is going to Close below your Buy Price or $58.47.
GDX GOLD FUND EXIT if it is going to Close below your Buy Price or $34.32. This trade was not logged.
GMNK GENMARK DIAGNOSTICS EXIT if it is going to Close below your Buy Price or $9.57. This trade was not logged.
MRNA MODERNA INC. EXIT if it is going to Close below your Buy Price or $61.50. 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?
TOP 100 LIST Updated May 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.