MARKETS WILL BE CLOSED ON MONDAY MAY 25, 2020 FOR MEMORIAL DAY HOLIDAY.
Markets were down slightly again today on very low Holiday Volume. The S&P 500 Index is still struggling to hold just Above the Green Line of 2937. Investor’s FEAR is down and the Volatility Index is back down in the Green Zone, which normally means that the Markets should have some Profit Taking soon.
Most of the Leaders are coming back down from the Red Zones (probably too late to Buy for the Short Term) for Money Wave Buys again. Until then 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).
Please remember that the Markets have bounced up about 34 % from the March Lows, and are over-bought.
Bonds were up again today.
Crude Oil was down $0.50 today at $32.43.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/22/2020
OSUR ORASURE TECH Money Wave Buy today. Target is $18.00. EXIT if it is going to Close below $14.18.
INSG INSEEGO CORP. Money Wave Buy today. INSG will not be logged as it is already up 13 % 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.)
VXX VOLATILITY INDEX
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Money Wave Buys Signals Soon (3 Days- 3 Weeks 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
ZM ZOOM VIDEO COMM. EXIT if it is going to Close below the Pink Line around $169.49.
Click for PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
ARE YOUR iNVESTMENTS ABOVE THE GREEN LINE?
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 Holiday Weekend!