Markets were lower today, as the Indices and Leaders were back up in the Red Zones (probably too late to Buy for the Short Term). The S&P 500 Index has the 50-day average coming up at 3001 which should be Support.
The Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). 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 40 % from the March Lows, and were very over-bought from “Good News” Buyers.
Bonds were up today.
Crude Oil was down $0.51 today at $40.22.
BUYS TODAY 6/24/2020
GNUS GENIUS BRANDS INT’L. 2nd Money Wave Buy today. Target is $7.00. EXIT if it going to Close below the Red Line of $2.42.
VXX VOLATILITY INDEX Money Wave Buy today. VXX will not be logged as it is already up 8 % 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.)
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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.
ADAP ADAPTIMMUNE THERA. Buy above $10.17 on High Volume.
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 VOLUME IS TOO LOW… ABORT this trade. 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
TGTX TG THERA. EXIT if it is going to Close below the Pink Line around $18.34.
DVAX DYNAVAX TECH Target was Hit at $7.50 for a 16.8 % Gain. Or have your Sell Stop Loss below the Pink Line at $6.42. This trade was not logged.
WORK SLACK TECH EXIT if it is going to Close below the Pink Line around $32.45. This trade was not logged.
Click for CURRENT 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.