Markets were mostly higher again today, as a few of the Largest Cap Stocks like AMZN, BABA & FB continued to squirt up. The S&P 500 Index has Broken Out above the February Highs of 3393, so now that become Support. Since the Break Out Volume was very low, we are cautious.
It could be bearish if the S&P 500 falls below Support of 3393 because most of the recent advance S&P 500 has been 15 of the Largest Caps. if you weight all 500 stocks of the S&P 500 equally, you will see that most are not doing as well as they were at the Feb Highs (see Chart above). Historically problems occur when the breadth of the Market declines. So don’t be a sucker that all is well, like most of Wall Street reports.
The Watch List has grown very large with investments to pop soon. Please WAIT for the 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 56 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were down today.
Crude Oil was up $0.73 today at $43.34.
BUYS TODAY 8/25/2020 NONE TODAY
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
KODK EASTMAN KODAK CO. Buy above the Pink Line around $7.85 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 if it Closes above the Pink Line of $3.34.
ADT ADT INC. Buy above $11.80 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 $67.66.
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 $205.09. 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.