
Markets were up again today as the Indices are back up re-testing last Monday’s Highs. So far very few Indices or Leaders have gone higher than last week, and the Volume is low (not many Buyers). The Markets are over-bought for the Short Term. The Small Cap Index or Russell 2000 is currently the Strongest major Index.
New Subscribers: Markets will eventually come back down from the Red Zones (probably too late to Buy for the Short Term) so now we must be patient and wait for the Leaders to return back down to their Green Zones. The better trades happen when the S&P 500 Index is also in the Green Zone.
Bonds were down slightly today.
Crude Oil was up $1.29 today at $41.42.
BUYS TODAY 11/16/2020
MGNI MAGNITE INC. Money Wave Buy today. MGNI will not be logged as it is already up 16 % from Thursday’s Support of $9.50.
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.)
NONE TODAY
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HOME AT HOME GROUP Buy above $15.09 with a 5% Trailing Sell Stop Loss below it. (1st day only).
VXRT VAXART INC. Buy above the Red Line of $5.98 with a 5% Trailing Sell Stop Loss below it. (1st day only).
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 NONE TODAY
Click for CURRENT POSITIONS and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW: MY 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.