Markets were higher as the Indices bounced back up to yesterday’s Highs. The Top 15 Stocks in the S&P 500 Index make up 35% of the Value. Many Stocks have pulled back recently, and the Watch List is rarely this large with good Buys soon. Gold & Silver had big profit taking yesterday.
The S&P 500 Index is back up to the Feb Highs but some of the Leaders are back down in the Green Zones for Money Wave Buy Signals soon. The Volume is low again today. The S&P 500 Index needs to stay above the Pink Line (10-day avg.) of 3322, to remain Bullish.
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 coming down from the Red Zone).
Please remember that the Markets are up 51% from the March Lows, and are over-bought from “Good News” Buyers.
Bonds were down again today.
Crude Oil was up $1.05 today at $42.66.
BUYS TODAY 8/12/2020
EBAY EBAY INC. Money Wave Buy today. Target is $60.00. EXIT if it is going to Close below the Red Line of $52.80. (2nd Buy Entry).
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
LVGO LIVONGO HEALTH INC. Buy above $119.60 with 3% Trailing Sell Stop Loss.
____________________________________________________________________________________________________________________________________________________
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.
ABUS ARBUTUS BIOPHARMA Buy above $3.97 with 5% Trailing Sell Stop Loss.
KODK EASTMAN KODAK CO. Buy above $11.35 with 5% Trailing Sell Stop Loss.
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).
___________________________________________________________________________________________________
SELLS TODAY
SOLO ELECTRAMECCANICA VEHICLES Lower the Sell Stop Loss below $2.70 until it bottoms.
VERI VERITONE INC. EXIT if it is going to Close below the Pink Line around $12.15. 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.