Markets were mostly lower today as the some of the Indices dropped down to the Pink Lines (10-day avgs.) That would normally cause more Selling from a Short Term Sell Signal, but Buyers still want in. The Strongest Small Cap Fund (IWM) did not even make it down to the Pink Line, so another bounce probably.
The Leaders are very over-bought, but many Investors are waiting on a Stimulus Plan. Normally Smart Money will Sell soon after the Good News. Please be patient and WAIT for good setups in the Green Zones. (Not when the S&P 500 is at High in the Red Zone).
Ridiculous Valuation of the Week: Door Dash (DASH) went public yesterday and currently has a value of $56 BILLION (and loses Money). That’s more value than Humana, with Sales of $74 Billion…
Please check out the New “Real Time” Charts on MY TRADING DASHBOARD.
New Subscribers: Markets will eventually come back down to the Green Zones for Money Wave Buys, so now we must be patient and wait for the Leaders to return pull back down. The better trades happen when the S&P 500 Index is also in the Green Zone (now about 1/2 way there).
Bonds were down slightly today and are fighting to stay Above the Green Line.
Crude Oil was up $1.35 today at $46.87.
BUYS TODAY 12/10/2020 NONE 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.)
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AYRO AYRO INC. Buy above the Pink Line around $6.98 with a 5% Trailing Sell Stop Loss below it.
CBAT CBAK ENERGY TECH Buy above $6.01 with a 5% Trailing Sell Stop Loss below it.
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.)
These Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
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
MGI MONEYGRAM INT’L. LOWER Stop Below the Red Line of $5.72.
PTON PELOTON INTERACTIVE EXIT if it is going to Close below your Buy Price, or $118.60.
Click for CURRENT POSITIONS and adjust your Sell Stops.
Click for CURRENT POSITION CHARTS – Real Time (Please check and adjust your Sell Stops).
Click for CLOSED POSITIONS,
NEW: MY TRADING DASHBOARD
PENNY STOCK WATCH LIST
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Nov 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.