Markets were sharply higher again today as Good News Buyers have returned, after being scared last week. Remember that we make money by buying when Fear is High (Green Zone), and capture Gains when the Fear is Low (Red Zone).
The S&P 500 Index has Resistance at the October High of 3550, and is almost there today. Most of the Leaders are getting back up in the Red Zones (probably too late to Buy for the Short Term). The Market will probably need more Stimulus from Congress to break above Resistance. 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 5 days ago.
Bonds were up slightly today.
Crude Oil was down $0.65 today at $38.50.
BUYS TODAY 11/05/2020
ZM ZOOM INTERACTIVE Money Wave Buy today. ZM will not be logged as the Volume is below average of 12 MIL.
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
NVTA INVITAE CORP. EXIT if it is going to Close below your Buy Price, or $46.08. (High was $46.65 today).
SMH SEMICONDUCTOR FUND Hit the Target of $189.00 for a 6.3 % Gain.
SOLO ELECTRAMECHANICA VEHICLES is up 28 % today to the Target of $3.75.
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.