Markets were up again today as the S&P 500 Index made it up to the 3215 Target for Wave 5 up. The NASDAQ 100 was able to make New Highs but there is no High Volume wanted on the Break-Out. Lots of big pops Friday and today on the weaker stocks from Bottom Fishing investors and Short Covering.
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 the Leaders near the March Lows 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 45 % from the March Lows, and are currently over-bought from “Good News” Buyers. Do you have discipline to WAIT for a pull-back?
Bonds were up slightly today.
Crude Oil was down $1.31 today at $38.24.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/08/2020
IMMU IMMUNOMEDICS INC. Money Wave Buy today. IMMU will not be logged as it is already up 4.5 % today.
SRNE SORRENTO THERA. Money Wave Buy today. Hopefully you got some on the JUMP START. SRNE will not be logged as it is already up 14 % today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
RRC RANGE RESOURCES CORP. Broke Out today above $6.75 on the Long Term List. RRC is already up 21 % today so we will wait for a pull-back.
“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.)
BCRX BIOCRYST PHARMA. Money Wave must Close in the Green Zone.
KGC KINROSS GOLD Buy if it Closes above the Pink Line around $6.44 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
CODX CO-DIAGNOSTICS INC. EXIT if it is going to Close below Support of $15.80. (More Support at the 50-day avg. of $14.69 & 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 $78.50. Target of $85 was Hit. 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.
Web Site “VERY” slow last few days from all devices.
Bandwidth or Server performance problem?
Hard to make trades when notices are sent and Site does not respond by market close.
Please advise.
Yes Mike, very noticable. Problem is being addressed.
Thank you for writing!
AGL
I appreciate the email and texting options. However, they came so close to the close of the market there’s not much time to consider a trade. The text came at 3:50 and the website was very slow to open and it lagged for several minutes. The email came at 3:57. Is this a normal occurrence to come so close to the market close.
Thanks Jim (new subscriber)
Hi Jim, we changed to a faster server recently, but something is not right.
The problem is being address. Thank you for your patience.
AGL