Markets were mixed today on very low Volume. The recent sell-off was not enough to get many of the Leaders to Close back down in their Green Zones for Money Wave Buy Signals. So we will have to WAIT.
The better trades happen when the The S&P 500 is also back down to the Green Zone, but that has not happened yet. The Sellers are not worried the Techs at this time.
The Markets are currently 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 down slightly today.
Crude Oil was up $2.02 today at $29.58.
NEW DAY TRADE WATCH LIST MAY 15, 2020
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/15/2020
EQT EQT CORP. Money Wave Buy today. EQT will not be logged as the Volume is below average of 10.9 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.10.9 MIL
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
INSG INSEEGO 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.
NLOK NORTON LIFELOCK 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
GILD GILEAD SCIENCES LOWER the Sell Stop Loss to today’s Lows of $75.45. GILD is back down in the Green Zone. 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.
HAVE A SAFE WEEKEND!