Markets were mixed today after dropping down in the Morning. The S&P 500 Index needs to Close above 2955 to make progress. The Markets are ignoring the Economic weakness, as the FED is Printing Money at full speed. Please remember that the Markets have bounced up about 30 % from the March Lows, and are now RESTING.
Looks like another attempt for the Market to go Above the Green Lines soon. The S&P 500 is at the 62% Retracement Level of the decline since the January Highs. Historically that Level could be the Top of a weak Market. We will see if the Markets roll over soon, or if FED Printing can save the day.
Bonds were down today as the Fear is slowly going away.
Crude Oil was up $0.91 today at $24.46.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/11/2020
GILD GILEAD SCIENCES Money Wave Buy today. GILD will not be logged as it is already up 3.6 % Today.
INO INOVIO PHARM. Money Wave Buy today. INO will not be logged as it is already up 9 % Today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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EQT EQT CORP. (2nd Buy Entry soon)
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click 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
BABA ALIBABA GROUP EXIT on the Close today. BABA was bought too early and is up 8.3 % from the recent lows.
NK NANTKWEST INC. EXIT on the Close today to capture a 6.6 % Gain.
NVAX NOVAMAX INC. EXIT on the Close today or have a tight Sell Stop below it to capture a 37 % Gain.
Click for PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW ETF SECTOR ROTATION SYSTEM
NEW! TOP 100 LIST Updated May 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.