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July 20, 2020

Money Wave Alert! Jul 20, 2020

SPX 60 Chart
The S&P 500 Index is now Higher than in June.

Markets were up today, as Buyers returned back into the Strongest Leaders on “Fear of Missing Out”. Volume was Low as Smart Money loaded up on the FEAR in March, and are waiting for a reason to take profits. With FED Printing at full speed, few are concerned about the high Stock valuations. The S&P 500 Index was able to Close above 3238 to remain Bullish.

Many Leaders did not quite return back down into the Green Zones for Money Wave Buy Signals. Some of them that did “Gapped Up” today, and will not be logged. This can be very frustrating, but it tells us that Investors have become very Emotional and will start making mistakes.The better trades happen when the S&P 500 Index is also in the Green Zone. (The S&P 500 is back up in the Red Zone).

Please remember that the Markets are up 46% from the March Lows, and are over-bought from “Good News” Buyers. 

Bonds  were up slightly today. 

Crude Oil was up $0.15 today at $40.72.

NEW PENNY STOCK WATCH LIST

Penny Stocks are very risky, and we try not to follow them. But if you are going to Buy them anyway, at least Buy them from Tammy in the Green Zones.

 

BUYS TODAY    7/20/2020   

AMZN     AMAZON.COM        Money Wave Buy today.  AMZN will not be logged as it is already up 7.4 % today. 

ASHR      CHINA 300 FUND        Money Wave Buy today.  ASHR will not be logged as the Volume is below average of 4.7 MIL. 

CRWD     CROWDSTRIKE HOLDINGS        Money Wave Buy today.  CRWD will not be logged as it is already up 5 % today. 

NIO     NIO INC.       Money Wave Buy today.  NIO will not be logged as it is already up 15 % today. 

PTON      PELOTON INTERACTIVE         Money Wave Buy today.  PTON will not be logged as it is already up 11 % today. 

UPWK     UPWORK INC.       Money Wave Buy today.  UPWK will not be logged as it is already up 5.3% today. 

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.)   

SOLO     ELECTRAMECCANICA VEHICLES      Buy above $3.59 with a Sell Stop Loss 3% lower.

____________________________________________________________________________________________________________________________________________________  

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.   

GNUS      GENIUS BRANDS INT’l.    Buy above $2.47 with a Stop 3% below. (2nd Buy Entry soon).  

FSLY      FASTLY INC.     Money Wave must Close in the Green Zone.

IZEA      IZEA WORLDWIDE INC.      Buy above $1.24 with a Stop 3% below. (2nd Buy Entry soon). 

JD      JD.COM INC.    Money Wave must Close in the Green Zone.     

UONE      URBAN ONE INC.      Buy above $17.50 with a Sell Stop Loss 3% below.

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   

GNUS      GENIUS BRANDS INT’l.      LOWER the Sell Stop Loss to the Green Line around $1.40 until it bottoms.  This trade was not logged.

Click for  CURRENT POSITIONS  and adjust your Sell Stops. 
Click for  CLOSED POSITIONS,   
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.   

Related Post

– Money Wave Alert! Jul 17, 2020

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