Markets were sharply higher today as Wall Street wants Congress to remain divided, and for the FED to keep Printing Money. The Indices became over-sold from Election Fears, and many bought today as uncertainty has dissipated. HealthCare, BioTechs, and Big Tech were up the most today.
The S&P 500 Index has Resistance at the October High of 3550, and it will probably need more Stimulus from Congress to break above that. Don’t know how long that will take…
New Subscribers: Emotions are high now, so we are being conservative on the Buy Signals. Stocks are currently expensive because Interest Rates are so low, and that will change. The better trades happen when the S&P 500 Index is also in the Green Zone, like it was 4 days ago.
Bonds were up again today.
Crude Oil was up $1.05 today at $39.05.
BUYS TODAY 11/04/2020
PTON PELOTON INTERACTIVE 2nd Money Wave Buy today. Target is $135.00. EXIT if it is going to Close below the Red Line of $105.05.
BBBY BED BATH & BEYOND Money Wave Buy today. BBBY will not be logged as the Volume is below average of 10.9 MIL.
ROKU ROKU INC. Money Wave Buy today. ROKU will not be logged as it is already up 5 % today.
Z ZILLOW GROUP Z Gapped Up today will not be logged as it is already up 8 % 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.)
GME GAMESTOP CORP. Buy above $11.86 with a 5% Trailing Sell Stop Loss below it
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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.)
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
NONE TODAY
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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
FCX FREEPORT COPPER Hit the Target yesterday of $18.50 for a 5.9 % Gain.
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 Oct 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.