Markets were mostly lower today as the Indices are almost back up near the September High Resistance. Most of the Leaders are back up near the Red Zones (probably too late to Buy for the Short Term). The Markets seem to be convinced of a Stimulus Plan soon.
We have Sell Stops below the Pink Lines (10-day averages) on most of the Current Positions now. The Strongest Investments should be back up near the September Highs now. We are Raising CASH on Investments that are not near their recent Highs.
New Subscribers: Please be patient and WAIT for the Strongest Leaders to come back down into the Green Zones for Money Wave Buys. The S&P 500 Index has just popped up 10% in 2 weeks and there should be Sellers again near the September Highs (Resistance).
Bonds were up slightly again today.
Crude Oil was up $0.80 today at $40.23.
BUYS TODAY 10/13/2020
DKNG DRAFTKINGS Money Wave Buy today. Target is $62.00. EXIT if it is going to Close below the Red Line of $46.51.
CVNA CARVANA CO. Money Wave Buy today. CVNA will not be logged as it is already up 4.5% today.
CZR CAESARS ENTERTAINMENT Money Wave Buy today. CZR will not be logged as the Volume is below average of 5.4 MIL.
PENN PENN NAT’L. GAMING Money Wave Buy today. PENN will not be logged as the Volume is below average of 9.7 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.)
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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.
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
NEW TOP 100 LIST Updated Sep 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.