Markets were mixed today after the Indices went down near the Pink Lines (10-day avgs.) and bounced there. So far the profit taking has been mild. It looks like the Markets will burp up again very soon to re-test the Highs. 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 . The Strongest Investments are 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 mixed today.
Crude Oil was up $0.90 today at $41.10.
BUYS TODAY 10/15/2020
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).
DKNG DRAFTKINGS INC. LOWER the Sell Stop Loss below today’s Low of $44.80 until it bottoms. It is back down in the Green Zone.
NEW: MY DASHBOARD
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.