Markets “Gapped Up” today as the Stronger Indices hopped above the Red Lines (50-day avgs.) The Tech Stocks and Retail were strong on fair Volume. The S&P 500 Index was able to get above last Tuesday’s High of 3323 to bring in more Buying. Normally the Strongest Investments will go back up to retest the early September Highs, so we are holding all of the Leaders.
So far the S&P 500 has held above the June Highs (Support), so this decline could be an A-B-C correction on the S&P 500 Index. Markets are trying to Close above the Pink Lines (10-day avgs.) which are resistance.
Try to Buy only the very Strongest Leaders that hold above their Red Lines (50-day avgs.) for the fastest bounces. Buy the Leaders below when they pop up out of the Green Zones for Money Wave Buy Signals soon.
Bonds were down slightly today.
Crude Oil was down $0.37 today at $40.62.
BUYS TODAY 9/28/2020
FCX FREEPORT MCMORAN COPPER Bought above $15.59 with a 5% Trailing Sell Stop Loss until it Closes. Target is $17.25.
PLUG PLUG POWER INC. Money Wave Buy today. PLUG 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: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
GGB GERDAU USA Relative Strength is below 90.
GOGO GOGO INC. Buy above $9.67 with a 5% Trailing Sell Stop Loss until it Closes.
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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.
LOW LOWES COMPANIES Money Wave must Close in the Green Zone.
MIK MICHAELS COMPANIES Buy above $9.89 with a 5% Trailing Sell Stop Loss on Monday.
SLV SILVER FUND Volume is Low today. Maybe around $21 tomorrow.
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
INO INOVIO PHARMA INO got whacked today on bad news, so LOWER the Sell Stop Loss below the Green Line of $11.48. EXIT at $13.63.
SPWR SUNPOWER CORP. Target of $12.00 was hit for a 15.1% 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.