Markets were up again today but the Buying was weak on Low Volume. So far the bounce up of the Indices off the Red Lines (50-day avgs.) has not been impressive. Maybe it will take some Good News for the Markets to re-test the recent Highs. The Strongest Leaders should be getting back above the Pink Lines (10-day avgs.) while others are struggling below there.
Try to Buy only the very Strongest Leaders that did not fall below their Red Lines (50-day avgs.) for the fastest bounces. The Markets have dropped back down and Support should be around the Red Lines (3328 on the S&P 500 Index).
Buy the Leaders below when they pop up out of the Green Zones for Money Wave Buy Signals soon. The better trades happen when the S&P 500 Index is also in the Green Zone, like yesterday.
Please remember that the Markets are up 54 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were down slightly again today.
Crude Oil was up $1.13 today at $38.40.
BUYS TODAY 9/15/2020
FB FACEBOOK INC. Money Wave Buy today. FB will not be logged as the Volume is below average of 24 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
DOCU DOCUSIGN CORP. Buy above $207.00 with a 3% Trailing Sell Stop Loss below it.
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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.
PRTS CAR PARTS.COM Buy above $10.85 with a 5% Trailing Sell Stop Loss below it.
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
KODK EASTMAN KODAK Stopped Out today below $6.27 for a 2 cent Gain.
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 Sep 2, 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.