Markets were up today as the S&P 500 Index is trying to Close above the April High of 2955 again. Markets are slightly higher than yesterday’s High. The Techs and Gold Miners have been able to make Higher Highs today. The Volume is low.
Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term), so nimble Traders might want to raise some Cash or Sell Covered Call Options on investments that they plan on keeping.
NEW SUBSCRIBERS: Most of the Leaders are over-bought again, so please WAIT for the Leaders to return to their Green Zones for Money Wave Buys. The better trades happen when the The S&P 500 is also back down to the Green Zone (now in the Red Zone).
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 34 % from the March Lows, and are over-bought.
Bonds were up slightly today.
Crude Oil was up $1.60 today at $33.56.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/20/2020
NLOK NORTON LIFELOCK Money Wave Buy today. NLOK will not be logged as it is already up 4.45 % 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.)
INSG INSEEGO CORP. Buy if it Closes above the Pink Line of $10.28 on High Volume.
OSUR ORASURE TECH
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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.)
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 NONE TODAY
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.