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August 3, 2020

Money Wave Alert! Aug 3, 2020

Watch Chart
Money Wave Watch List is popping with GREEN today.

Markets were up today, as the Leaders were squirting higher.  The BioTechs finally popped up almost 4% today. The Volume is low today, and S&P 500 Index needs to stay above the Pink Line (10-day avg.) of 3252, to remain Bullish.

Please WAIT for the Leaders to return back down into 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 50% from the March Lows, and are over-bought from “Good News” Buyers. 

Bonds  were down today. 

Crude Oil was up $0.59 today at $40.86

BUYS TODAY    8/3/2020   

DVAX      DYNAVAX TECH.     Bought today above $8.55 today. Target is $11.00. EXIT if it is going to Close below Support of $7.84.

GNUS      GENIUS BRANDS INT’l.    Bought today above the Pink Line of $1.74. Target is $3.50. Sell Stop Loss below $1.74 on the Close. 

 

BE       BLOOM ENERGY CORP.       Money Wave Buy today. BE will not be logged as it is already up 13 % on lower Volume.

NKLA      NIKOLA CORP.     Closing above the Pink Line today. NKLA will not be logged as it is already up 17 % today.

SPCE      VIRGIN GALACTIC HOLDINGS      Money Wave Buy today. SPCE will not be logged as it is already up 6.8 %.

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.)    

SHLL     TORTOISE ACQUISITION      Buy above $19.88 with a Sell Stop Loss 5% below it.

WIMI      WIMI HOLOGRAM CLOUD

____________________________________________________________________________________________________________________________________________________  

WATCH LIST

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.   

AU      ANGLOGOLD LTD.

UONE      URBAN ONE INC.      Buy above $16.50 with a Sell Stop Loss 3% below.     

VBIV    VBI VACCINES INC.     Buy above $4.68 with a Sell Stop Loss 5% below it.     

VXRT     VAXART INC.      (2nd Buy Signal soon).

XBI      BIOTECH FUND      Money Wave must Close in the Green Zone.

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).

___________________________________________________________________________________________________

SELLS TODAY   

DIGL     DIGITAL ALLY      EXIT if it is going to Close below your Buy Price, or $3.14.  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 July 2, 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.   

 

Posted By AbovetheGreenLine at 2:42 pm 2 Comments Tagged With: premium

Comments

  1. cnote20k says

    August 3, 2020 at 10:07 pm

    What is the reason that a Stock/ETF “must close” in the Green Buy Zone?

    XBI was within tenths of closing there on Friday and it popped up 4% on Monday.

    When its that close can a buy be made?

    It may just continue up and we missed the trade because a tenth from closing in the Green Buy Zone.

    Log in to Reply
    • AbovetheGreenLine says

      August 4, 2020 at 9:29 am

      Yes, it is frustrating to miss ones like XBI when the Money Wave comes down to 20, and then it bounces. The below 20 Close Rule is there to be more conservative, and it is ok to sometimes “fudge” a little especially if the Relative strength is 99.
      But XBI only had RS of 91, plus the S&P 500 and most Leaders were all up in the Red Zones. So there might be a reason why the BioTechs are not back on Highs with the rest of the Leaders…

      Thanks for writing.

      Log in to Reply

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