Markets were higher today on more Low Volume. Many seem to be waiting on another Stimulus Bill before taking profits. Not many Buyers, but nobody wants to Sell either. This Market is forcing undisciplined Investors to Buy High, when the Reward / Risk ratio is poor. We know that the Leaders are Way Above the Green Line, and they won’t stay up there forever.
Several Indices are on Highs, but are very Over-Bought for the Short Term. Many of the Leaders are slowly coming down from the Red Zones (probably too late to Buy for the Short Term). Investors have become too confident and FEAR has disappeared (Smart Money Sells). Please be patient and WAIT for good setups in the Green Zones.
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. The better trades happen when the S&P 500 Index is also in the Green Zone. Please visit MY TRADING DASHBOARD.
UPDATED: PENNY STOCK & LOWER VOLUME WATCH LIST
In the Dividend and Growth Portfolio, we purchased shares at the close on Dec 1, 2020 for both Emerson Electric (EMR) and IBM with the accumulated Dividends.
Bonds were up slightly today.
Crude Oil was up $0.48 today at $45.77.
BUYS TODAY 12/3/2020
APPN APPIAN CORP. Bought above $142.70 today. Target is $180.00. EXIT if it is going to Close below $126.54.
GPS GAP INC. Money Wave Buy today. Target is $25.00. EXIT if it is going to Close below $20.38.
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
CYH COMMUNITY HEALTH SYSTEMS (2nd Buy Signal soon).
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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.)
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
FLSR FIRST SOLAR INC. EXIT if it is going to Close below the Pink Line around $89.75. This trade was not logged.
NLS NAUTILUS GROUP EXIT if it is going to Close below your Buy Price, or $19.78. This trade was not logged.
Click for CURRENT POSITIONS 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.