Markets were slightly higher today as the S&P 500 Index is trying again to get up to the Feb High. Markets seem to be waiting on more Stimulus Fuel to go higher, but Congress is not helping. Many Leading Stocks pulled back recently to create Money Wave Buy Signals, but several of them Gapped Up more than 4% today which makes the Buying difficult.
Normally the S&P 500 Index will have profit taking up around the Feb Highs and it needs to stay above the Pink Line (10-day avg.) of 3354, 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 back up in 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 up today.
Crude Oil was down $0.96 today at $42.84.
BUYS TODAY 8/17/2020
OPK OPKO HEALTH INC. Bought above $5.05 today with a 5% Trailing Sell Stop Loss. Target is $6.00. EXIT is it falls more that 5% from the current High.
VBIV VBI VACCINES INC. Bought above $3.84 today with a 5% Trailing Sell Stop Loss. Target is $5.75. EXIT is it falls more that 5% from the current High.
GDX GOLD MINERS FUND Gapped Up 4% today. GDX will not be logged as it is already 9.8% above Support.
IAU GOLD FUND Money Wave Buy today. IAU will not be logged as the Volume is below average of 26.8 MIL.
KGC KINROSS GOLD CORP. Gapped Up 4.5% today. KGC will not be logged as it is already 9.6% above Support.
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.)
VXRT VAXART INC. 2nd Money Wave entry soon.
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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.
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.
SLV SILVER FUND Money Wave must Close in the Green Zone.
WKHS WORKHORSE GROUP INC. Buy above $15.98 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).
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SELLS TODAY
SHLL TORTOISE ACQUISITION Target of $27.00 was Hit for 35.7 % 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.