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.
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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.)
BCRX BIOCRYST PHARMA. Money Wave must Close in the Green Zone.
IMMU IMMUNOMEDICS INC. Money Wave must Close in the Green Zone.
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).
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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.