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June 4, 2020

Money Wave Alert! Jun 4, 2020

QQQ Chart
The NASDAQ 100 Fund (QQQ) is back up to the Jan Highs.

Markets were down slightly today as the Indices became over-bought. Most of the Leaders are up in the Red Zones (probably too late to Buy for the Short Term) and a few Leaders were 100% Above their Green Lines! When Investments like the Leaders are Way Above the Green Lines, Investor’s Emotions & Greed have caused them to panic Buy and pay too much (Investments always return near their Green Lines).

The NASDAQ 100 Index was able to return to Jan Highs today, and the S&P 500 Index looks like it is still in Wave 5 up since the March Lows (The Count is up to 3215). The S&P 500 Index is holding above the Pink Line (10-day avg.) of 3036 to avoid going into a Short Term Sell Signal.

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 40 % from the March Lows, and are currently over-bought. Do you have discipline to WAIT?

Bonds  were down again today.

Crude Oil was down $0.06 today at $37.23.

 

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

BUYS TODAY    6/04/2020  NONE TODAY      

WAIT for the Leaders to return back down to their Green Zones.

“JUMP START” Candidates:  (Buy Signal should be very soon… Click on the Jump Start link for more info.)     

TGTX     TG THERA. INC.      Buy if it Closes above $18.66 on High Volume.

_______________________________________________________________________________________________________________________________________________ 

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.)    

BCRX     BIOCRYST PHARMA.     Money Wave must Close in the Green Zone.     

IMMU     IMMUNOMEDICS INC.      Money Wave must Close in the Green Zone. 

KGC     KINROSS GOLD

SRNE     SORRENTO THERA.

VXX      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).

___________________________________________________________________________________________________

SELLS TODAY       

 

INSG     INSEEGO CORP.      EXIT if it is going to Close below Support of $9.65.  This trade was not logged. 

NFLX    NETFLIX INC.     EXIT if it is going to Close below your Buy Price or $413.44. 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?
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.

Posted By AbovetheGreenLine at 2:43 pm Leave a Comment Tagged With: premium

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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