Markets Gapped Up today on Buying, but the Volume was lower. Many Leaders are having Money Wave Buy Signals today. Be careful as the Leaders should make Higher Highs than last week for progress to be made.. If they struggle on the Low Volume, that could be Bearish.
Looks like maybe another attempt for the Markets back up to the Green Line this week. The S&P 500 is at the 62% Retracement Level of the decline since the January Highs. Historically that Level could be the Top of a weak Market. We will see if the Markets roll over soon, or not.
NEW SUBSCRIBERS: The Leaders have come back down to the Green Zones for Buy Signals soon. This is what we wait for. Also good when the S&P 500 Index is also back down in the Green Zone.
Bonds were down again today.
Crude Oil was up $4.09 today at $24.48.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/05/2020
AMD ADVANCED MICRO Money Wave Buy today. Target is $59.00. EXIT if it is going to Close below $49.09.
NVAX NOVAVAX INC. Money Wave Buy today. Target is $25.00. EXIT if it is going to Close below $16.41.
WMT WALMART INC. Money Wave Buy today. Target is $133.00. EXIT if it is going to Close below $120.78.
ZM ZOOM VIDEO Money Wave Buy today. Target is $175.00. EXIT if it is going to Close below $132.67.
CNX CNX RESOURCES CORP. Money Wave Buy today. CNX will not be logged as it is already up 7.1 % today and the Volume is below average of 7.2 MIL.
LLY ELI LILLY & CO. Money Wave Buy today. LLY will not be logged as it is already up 3.3 % today and the Volume is below average of 5.1 MIL.
XBI BIOTECH FUND Money Wave Buy today. XBI will not be logged as it is already 3 % and is back up near the Highs.
XLV HEALTH CARE FUND Money Wave Buy today. XLV will not be logged as the Volume is below average of 17.1 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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INO INOVIO PHARM. Buy if it is going to Close above $11.59.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on 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 (LINK)
NEW! TOP 100 LIST Updated Mar 31, 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.
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