Markets were mixed today after the Indices went slightly below the recent Lows on Tuesday. Normally that would be bearish, but when the NASDAQ 100 Fund did not dump out below Support, some Buyers came in. The DOW 30 Index and the Semiconductors are trying to Double Bottom or have a “W” pattern which would be Bullish.
Try to Buy only the very Strongest Leaders that did not fall below their Red Lines (50-day avgs.) for the fastest bounces. The Markets have dropped back down and Support should be around the Red Lines (3323 on the S&P 500 Index).
Buy the Leaders below when they pop up out of the Green Zones for Money Wave Buy Signals soon. The better trades happen when the S&P 500 Index is also in the Green Zone (like now!)
Please remember that the Markets are up 53 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were up slightly again today.
Crude Oil was up $0.07 today at $37.37.
BUYS TODAY 9/11/2020
KODK EASTMAN KODAK Bought today above $6.23 with a 5% Trailing Sell Stop Loss below it. Target is $9.75.
VXRT VAXART INC. Bought today above the Pink Line of $5.28 with a 5% Trailing Sell Stop Loss. Target is $8.50. (2nd Buy Signal soon).
TSLA TESLA INC. Money Wave Buy today. TSLA will not be logged as the Volume is below average of 82 MIL. Maybe next week around $350.
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.
AMZN AMAZON.COM INC. Money Wave must Close in the Green Zone.
PBI PITNEY BOWES INC. Relative Strength is Below 90.
PLUG PLUG POWER INC. Money Wave must Close in the Green Zone.
PRTS CAR PARTS.COM Buy above $10.85 with a 5% Trailing Sell Stop Loss below it.
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
QQQ NASDAQ 100 FUND LOWER the Sell Stop Loss below today’s Low of $266.90.
SHLL TORTOISE ACQUISITION EXIT if it is going to Close below the Pink Line around $48.48. This trade was not logged.
Click for CURRENT POSITIONS and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW 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!