Markets were up today, as the Funds continued to pile into the big FAAMNG Stocks. Some of the very Strongest Leaders are still making Highs, but the major Indices are not, and need to exceed the early June High for this rally to continue. The BioTech Index made New Highs again today while the strongest Leaders are stretching Way Above the Green Lines.
Valuations are very strange now. Spotify (SPOT) makes no Money but is worth more than General Motors (see Chart above).
The Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). Some Leaders are 100 % Above the Green Lines, which is rare for investments to be that over-bought. They will eventually snap back down like a rubber band. Please WAIT for the Strongest Indices and Leaders to return back down into the Green Zones for Money Wave Buy Signals. This can be frustrating, but worth it. The better trades happen when the S&P 500 Index is also in the Green Zone.
Remember that the Markets have bounced up about 41 % from the March Lows, and were very over-bought from “Good News” Buyers.
Bonds were down today.
Crude Oil was down $0.51 today at $40.22.
BUYS TODAY 6/23/2020 NONE TODAY
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
GNUS GENIUS BRANDS INT’L. 2nd Money Wave Buy soon.
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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.)
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BCRX BIOCRYST PHARMA. Buy if it Closes above $4.35 on High Volume.
EQT EQT CORP. Relative Strength is Below 90.
UNFI UNITED NAT’L. FOODS Buy if it Closes above $17.51 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 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.
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