Markets were higher again today, as the Indices Gapped Up above Friday’s Close. The Bulls are happy that the S&P 500 Index hopped above the February Highs, but the Volume is very low. The S&P 500 needs to stay above the Pink Line (10-day avg.) of 3381, to remain Bullish. Many BioTechs were down sharply today.
Please WAIT for more Leaders below 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.
There have been several more additions to the PENNY STOCK WATCH LIST.
Bonds were mixed today.
Crude Oil was up $0.07 today at $42.41.
BUYS TODAY 8/24/2020
BLNK BLINK CHARGING CO. Money Wave Buy today. BLNK will not be logged, as it is already up 15 % today. Maybe around $7.25 soon.
IBIO IBIO INC. Money Wave Buy today. IBIO will not be logged, as it is already up 30 % today.
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.
KODK EASTMAN KODAK CO. Buy above the Pink Line around $8.18 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.
ABUS ARBUTUS BIOPHARMA Buy above $3.97 with a 5% Trailing Sell Stop Loss.
GSX GSX TECHEDU INC. Buy above $94.79 with a 3% Trailing Sell Stop Loss.
MRNA MODERNA INC. Buy if it Closes above the Pink Line of $67.96.
VXRT VAXART INC. 2nd Money Wave Buy 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).
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SELLS TODAY
DOCU DOCUSIGN INC. EXIT if it is going to Close below the Pink Line around $203.83. 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.
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