Markets were very mixed today as more Stimulus Fuel is needed to go higher. Many Leading Stocks have pulled back recently, but the lift off from Money Wave Buy Signals has been pitiful. This is probably because the S&P 500 Index is still near the Red Zones and over-bought. We like to see High Volume which represents powerful Buying, but the Volume is poor.
Normally the S&P 500 Index will have profit taking up at the Feb Highs and it needs to stay above the Pink Line (10-day avg.) of 3345, to remain Bullish.
Please WAIT for more Leaders to 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. (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 slightly again today.
Crude Oil was down $0.18 today at $42.06.
BUYS TODAY 8/14/2020
DOCU DOCUSIGN INC. Money Wave Buy today. DOCU will not be logged as the Volume is below average of 5.2 MIL. Maybe next week around $192.
PTON PELOTON INTERACTIVE Money Wave Buy today. PTON will not be logged as the Volume is below average of 7.5 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.)
GDX GOLD MINERS FUND Buy above $41.03 with 3% Trailing Sell Stop Loss below it.
WKHS WORKHORSE GROUP INC. Buy above $15.98 with 5% 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.
KGC KINROSS GOLD CORP. Buy above $8.90 with 5% Trailing Sell Stop Loss.
KODK EASTMAN KODAK CO. Buy above $11.35 with 5% Trailing Sell Stop Loss.
OPK OPKO HEALTH INC. Buy above $5.05 with 5% Trailing Sell Stop Loss below it.
SLV SILVER FUND Money Wave must Close in the Green Zone.
VBIV VBI VACCINES INC. Buy above $3.84 with 5% Trailing Sell Stop Loss.
VXRT VAXART INC. 2nd Money Wave entry soon.
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
LVGO LIVONGO HEALTH INC. LVGO was Stopped Out below $119.65 today as it went below yesterday’s Buy Price (No follow thru Buying today).
OMI OWENS & MINOR INC. Target of $16.50 was Hit for 11.3 % Gain. 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.
HAVE A SAFE WEEKEND!