Markets were lower today as FEAR has set in from worries about the Election and Virus. The CNN Fear & Greed Index has dropped from a recent High of 71 to a Fear Low of 27 today. Also the Longer Term Chart that we use for over-sold Buy Zones is almost ready to Buy again (like at the September Low).
The S&P 500 Index has Support at the September Low of 3209, and if Congress comes up with a Stimulus Plan after the Election, this could be a great time to Buy. Therefore we are Lowering Sell Stop Losses on Logged Positions to avoid some Losses. If you don’t believe that more Stimulus is coming, you should probably be raising Cash.
New Subscribers: Now the Strongest Leaders and Indices are back down into the Green Zones for Money Wave Buys soon. The better trades happen when the S&P 500 Index is also in the Green Zone. So far the Money Wave pops and Volume have been weak. Investors are scared now, and that is when we like to BUY.
Updated: PENNY STOCK WATCH LIST
Bonds were down again today.
Crude Oil was down $0.74 today at $35.43.
BUYS TODAY 10/30/2020 NONE TODAY
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
JKS JINKOSOLAR HOLDING CO. Buy above $63.20 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.
ITB HOME BUILDING FUND Moved to Medium Term List.
Z ZILLOW GROUP Buy above the Pink Line with a 5 % Trailing Sell Stop Loss below it.
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
DKNG DRAFTKINGS INC. LOWER the Sell Stop Loss below $33.00 until it bottoms.
NVTA INVITAE CORP. LOWER the Sell Stop Loss below $36.00 until it bottoms.
RUN SUN RUN INC. LOWER the Sell Stop Loss below $50.00 until it bottoms.
PTON PELOTON INTERACTIVE LOWER the Sell Stop below the Red Line of $103.90. This trade was not logged.
SQ SQUARE INC. EXIT if it is going to Close below Support of $164.45. 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
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.
HAVE A SAFE WEEKEND!
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– LAC
