Markets were up again today, as the S&P 500 Index stretches back up to the Feb Highs. The Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). The Volume is low again today because the Indices have stretched up so far, and Smart Money is not Buying up near the Feb Resistance. The S&P 500 Index needs to stay above the Pink Line (10-day avg.) of 3271, to remain Bullish.
Gold and Silver made New Highs again with FED Printing. Bezos is Selling $3.1 Billion of Amazon stock. It’s very hard to find Insiders Buying now. The Semiconductor Fund is 26% Above the Green Line.
Please WAIT for the Leaders to return back down into the Green Zones for Money Wave Buy Signals. The better trades happen when the S&P 500 Index is also in the Green Zone. (Now the S&P 500 is back up in the Red Zone).
Please remember that the Markets are up 50% from the March Lows, and are over-bought from “Good News” Buyers.
Bonds were up today.
Crude Oil was down $0.28 today at $41.91.
BUYS TODAY 8/6/2020
SPOT SPOTIFY TECH SA Money Wave Buy today. SPOT will not be logged as the Volume is below average of 3.2 MIL.
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.)
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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.)
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close. IBIO IBIO INC.
IBIO IBIO INC. 2nd Money Wave Buy soon.
UONE URBAN ONE INC. Buy above $14.50 with a Trailing Sell Stop Loss 5% below.
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).
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SELLS TODAY
DVAX DYNAVAX TECH EXIT if it is going to Close below the Pink Line around $8.70.
BE BLOOM ENERGY CORP. EXIT if it is going to Close below your Buy Price, or $13.66. This trade was not logged.
CRWD CROWDSTRIKE HOLDINGS EXIT if it is going to Close below the Pink Line around $110.25. This trade was not logged.
Click for CURRENT POSITIONS and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW PENNY STOCK WATCH LIST
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
NEW TOP 100 LIST Updated Aug 4, 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.