Wow! What an emotional Stock Market, Big Tech were down big yesterday, and up big today. Markets were higher today… Most likely a Stimulus Plan will be passed, but when is unknown. The Markets are now trying to force Congress to pass another Stimulus Plan… If you don’t think this will happen, maybe you should stay in Cash.
Most Leaders are back down in the Green Zones for Buy Signals soon. We are concentrating on Investments that recently made New Highs and are still above the Red Lines (50-day avgs.). But the Volume is still low, as many Investors are waiting for a Stimulus Plan before committing more funds.
New Subscribers: Now the Strongest Leaders and Indices are back down into the Green Zones for Money Wave Buys soon. The better trades happen when the S&P 500 Index is also in the Green Zone. So far the Money Wave pops and Volume have been weak (Investors cannot decide).
Bonds were down today.
Crude Oil was down $1.00 today at $36.49.
BUYS TODAY 10/29/2020
ICLN GLOBAL CLEAN ENERGY FUND Money Wave Buy today. Target is $21.50.. EXIT if it is going to Close below the Red Line of $18.49.
FCX FREEPORT MCMORAN COPPER Money Wave Buy today. FCX will not be logged as it is already up 4% today.
SQ SQUARE INC. Money Wave Buy today. SQ will not be logged as the Volume is below average of 9.2 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.)
JKS JINKOSOLAR HOLDING CO. Buy above $63.20 with a 5% 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.
ITB HOME BUILDING FUND Moved to Medium Term List.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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
NVTA INVITEA CORP. LOWER the Sell Stop Loss below the Red Line of $42.04.
CYH COMMUNITY HEALTH is up 20% this week in the Long Term Portfolio. Target is $6.25. Don’t Take a Loss!
PTON PELOTON INTERACTIVE LOWER the Sell Stop below $114.24. This trade was not logged.
ZM ZOOM INTERACTIVE EXIT if it is going to Close below Support of $503.47, or lower the Sell Stop below the Red Line. This trade was not logged.
Click for CURRENT POSITIONS and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW: MY DASHBOARD
PENNY STOCK WATCH LIST
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Oct 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.
Related Post
– SQ