Markets were slightly higher today after selling off in the morning. The S&P 500 Index dipped down below the Pink Line (10-day avg.) of 3370, but Buyers came in to save the Market from going into a Short Term Sell Signal. Volume continues to be low.
Now is the time for all of the Leaders to make Higher Highs. A few Leaders have made new Highs. Currently Tesla Corp. (TSLA), is worth more than Toyota, Honda GM, Ford, and Fiat-Chrysler combined, as some Fund Managers think Growth is more important the Making Money.
Normally the S&P 500 Index will have profit taking up here around the Feb Highs and it needs to stay above the Pink Line (10-day avg.) of 337, to remain Bullish.
Please WAIT for more Leaders to pop up out of 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 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 $0.27 today at $42.84.
BUYS TODAY 8/20/2020
PBI PITNEY BOWES INC. Money Wave Buy today. PBI will not be logged as the Volume is below average of 3.8 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.)
ADT ADT INC. Buy above $11.80 with a 5% Trailing Sell Stop Loss.
MRNA MODERNA INC. Buy if it Closes above the Pink Line of $69.38.
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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 a 5% Trailing Sell Stop Loss.
IBIO IBIO INC. Buy if it Closes above the Pink Line of $2.75.
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
CWH CAMPING WORLD HOLDINGS EXIT if it is going to Close below the Pink Line around $33.63. 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.