Markets were higher today after the Indices bounced up yesterday off the Pink Lines (10-day avgs.) Now the Markets need to re-test the Highs, but many want to see a Stimulus Plan soon before Buying more. Most of the Leaders are back up near the Red Zones (probably too late to Buy for the Short Term).
Keep your Sell Stops below the Pink Lines (10-day averages) on most of the Current Positions . We are Raising CASH on Investments and Waiting on more Green Zone Buys soon.
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 down $0.20 today at $40.76.
BUYS TODAY 10/16/2020
RUN SUNRUN INC. Bought today above $64.68. Target is $80.00. EXIT if it is going to Close below $60.52.
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
WWR WESTWATER RESOURCES Buy above $6.74 with a 5% Trailing Sell Stop Loss on Monday.
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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. NVTA INVITAE CORP.
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
DKNG DRAFTKINGS INC. LOWER the Sell Stop Loss below $44.00 until it bottoms.
Z ZILLOW GROUP EXIT if it is going to Close below Support of $99.81. We will probably Buy again next week. This trade was not logged.
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.
HAVE A SAFE WEEKEND!
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– S&P 500