Markets were mostly higher again today, as the DOW 30 Index is trying to get back up to the Feb High. Several Big Techs were slightly lower today on profit taking, and the BioTechs still have not bottomed. The S&P 500 Index has Broken Out above the February Highs of 3393, so now that has become Support. The FEAR Index (VIX) was up as much as 16% for a while, as some must be betting on some Bad News soon.
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.
The Watch List has grown very large and several leaders have pulled back without the Markets. 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 58 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were down big today.
Crude Oil was down $0.36 today at $43.03.
BUYS TODAY 8/27/2020
GRWG GROWGENERATION CORP. Money Wave Buy today. GRWG will not be logged as it is already up 7 % 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.)
ABUS ARBUTUS BIOPHARMA Buy above the Pink Line of $3.22 with a 5% Trailing Sell Stop Loss below it.
KODK EASTMAN KODAK CO. Buy above the Pink Line of $7.19 with a 5% Trailing Sell Stop Loss below it.
SRNE SORRENTO THERA. Buy above $8.26 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.
ADT ADT INC. Buy above the Pink Line of $11.40 with a 5% Trailing Sell Stop Loss below it.
GSX GSX TECHEDU INC. Buy above $91.75 with a 3% Trailing Sell Stop Loss below it.
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
EBAY EBAY INC. EXIT if it is going to Close below the Pink Line around $57.61.
PBI PITNEY BOWES INC. EXIT if it is going to Close below your Buy Price, or $5.96. This trade was not logged.
PTON PELOTON INTERACTIVE Target of $72 was Hit for an 11.9% 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.