Markets “Gapped Up” big today on panic Buying, but the Volume was only about 1/2 of normal. The low Volume tells us that everyone is not convinced about the Economy. The BioTechs were the Leaders today on Covid 19 Cure hopes. Swing Trading,
The recent sell-off last week 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. Remember: Discipline.
Several Leaders reversed and turned down today (see Sell List below) as many are very over-bought. 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 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 33 % from the March Lows, and are over-bought.
Bonds had a big drop today.
Crude Oil was up $2.79 today at $32.22.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/18/2020 NONE TODAY
INSG INSEEGO CORP. Buy if it Closes above the Pink Line of $10.55 on High Volume.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also 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).
RWM SMALL CAP INVERSE FUND EXIT on the Close today if it is going to Close below the Pink Line around $41.87.
CLX CLOROX CO. EXIT on the Close if it is going to Close below the Pink Line around $204.87. This trade was not logged.
GILD GILEAD SCIENCES EXIT on the Close if it is going to Close below Support of $75.45. This trade was not logged.
TDOC TELADOC HEALTH EXIT on the Close if it is going to Close below the Pink Line around $179.61. This trade was not logged.
TLT US GOV’T. BOND FUND EXIT on the Close if it is going to Close below your Buy Price, or $166.14. This trade was not logged.
Click for PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
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.