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May 29, 2020

Money Wave Alert! May 29, 2020

NEM Chart
Money Wave Buy on Newmont Mining (NEM) today.

 

Markets were down earlier today but recovered as the S&P 500 Index when down near the Pink Line (10-day avg.) and bounced. This kept the S&P from going into a Short Term Sell Signal.

Markets are too over-bought now to get many good pops (except some on Earnings). Lots of Good News lately about States reopening their Stores. We like to Buy on Bad News (when States are closing the Stores), and take profits on Good News. The Reward / Risk of Buying now is not the 2:1 upside ratio that you want to accept. 

NEW SUBSCRIBERS: If you are a cautious Investor, remember that 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 36 % from the March Lows, and are currently over-bought. Do you have discipline to WAIT?

 

Bonds  were up slightly today.

Crude Oil was up $1.34 today at $35.05.

 

The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.

BUYS TODAY    5/29/2020         

 

NEM     NEWMONT CORP.       Money Wave Buy today. Target is $68.00.  EXIT if it is going to Close below $55.75.

 

GDX     GOLD MINERS FUND      Money Wave Buy today. GDX will not be logged as the Volume is below average of 44 MIL.  Maybe around $33 next week.

MRNA     MODERNA INC.     Money Wave Buy today. MRNA will not be logged as it has already bounced up 23% from Wednesday’s Low, and this is a wild one. Maybe next week around $52.00.

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.)

VBIV     VBI VACCINES INC.

_______________________________________________________________________________________________________________________________________________ 

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.)    

VOLATILITY INDEX      Buy if it is going to Close above $35.43 on High Volume.

 

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Follow 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).

___________________________________________________________________________________________________

SELLS TODAY       

 

EQT      EQT CORP.     EXIT if it is going to Close below the Pink Line around $13.44. This trade was not logged.

GNMK     GENMARK DIAGNOSTICS     EXIT if it is going to Close below Support of $9.14. This trade was not logged.

 

Click for   PORTFOLIO  (Open Positions) and adjust your Sell Stops. 

Click for  CLOSED POSITIONS,   

ARE YOUR iNVESTMENTS ABOVE THE GREEN LINE?

ETF SECTOR ROTATION SYSTEM   

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!

Posted By AbovetheGreenLine at 2:43 pm Leave a Comment Tagged With: premium

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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