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June 5, 2020

Money Wave Alert! Jun 5, 2020

CNN Fear Chart
Amazing how many Sold in March when the CNN Fear & Greed was at 2, and are Buying now at 66.

 

Markets “Gapped Up” today on stampede Buying as the S&P 500 Index is near the 3215 Target for Wave 5 up. The NASDAQ 100 was able to make New Highs on average Volume. The Indices are currently very over-bought, and the CNN Fear & Greed Index has jumped from 2 to 66. We were estimating in March that this Index would recover back up around 70 as Investor’s sentiment changed from FEAR (panic selling in March), to GREED (panic Buying now).

Several of the pro Virus stocks like Moderna & Clorox are down today as if Covid 19 is over. Most of the Leaders are up in the Red Zones (probably too late to Buy for the Short Term) so be patient and WAIT for the Leaders to return to their Green Zones. Many Investors were too scared to Buy in March and missed many nice trades that the Green Line System was able to capture.

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 44 % from the March Lows, and are currently over-bought. Do you have discipline to WAIT for a pull-back?

Bonds  were down Big today. Higher Interest Rates coming?

Crude Oil was up $1.90 today at $39.31.

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

BUYS TODAY    6/05/2020 

TGTX     TG THERA. INC.      Money Wave Buy today. TGTX will not be logged as it is already up 6 % 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.)     

SRNE     SORRENTO THERA.    

_______________________________________________________________________________________________________________________________________________ 

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.     

INO     INOVIO PHARMA.

KGC     KINROSS GOLD      Buy if it Closes above the Pink Line around $6.52 on High Volume.

VXX      VOLATILITY INDEX      

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   

   
CLX     CLOROX CO.      EXIT if it is going to Close below the Pink Line around $202.63.

ICLN     CLEAN ENERGY FUND       EXIT if it is going to Close below your Buy Price or $12.69.

 

CODX     CO-DIAGNOSTICS INC.      EXIT if it is going to Close below Support of $15.80.  (More Support at the 50-day avg. of $14.63 & back down in Green Zone soon). This trade was not logged.

ETSY     ETSY INC.      EXIT if it is going to Close below the Pink Line around $78.65. Target of $85 was Hit. This trade was not logged. 

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.

 

HAVE A SAFE WEEKEND!

Posted By AbovetheGreenLine at 2:37 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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