Markets opened down in the morning but Buyers came in to recover and Close higher. Some of the Leaders are quickly back down in the Green Zones for Money Wave Buys soon.
The S&P 500 is coming back down to the Green Zone (see Chart above) and is holding above at 2798. The Sellers are avoiding the Techs.
The Markets were 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 over-bought.
Bonds were up again today.
Crude Oil was up $1.82 today at $27.11.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/14/2020
GOLD BARRICK GOLD CORP. Money Wave Buy today. GOLD will not be logged as it is already up 4.4 % 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.)
EQT EQT CORP.
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Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
GILD GILEAD SCIENCES (2nd Buy Entry soon)
MSFT MICROSOFT CORP. Money Wave must Close in the Green Zone.
SNAP SNAP INC. Money Wave must Close in the Green Zone.
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
VXX VOLATILITY INDEX EXIT if it is going to Close below your Buy Price, or $39.65. This trade was not logged.
XBI BIOTECH FUND EXIT if it is going to Close below the Pink Line around $98.37. This trade was not logged.
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.
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– Bonds