Markets were down today as money was coming out of the very Large Caps FAANMG Stocks. Some value stocks like GE & Ford were up. Many Leaders have not been able to get above the Pink Lines (10-day avgs.) even with a Money Wave Buy Signal (Bearish).
Try to Buy only the very Strongest Leaders that hold above their Red Lines (50-day avgs.) for the fastest bounces. The Markets have dropped back down and need to hold around the Red Lines (3331 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.
Please remember that the Markets are up 54 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were up slightly again today.
Crude Oil was up $1.94 today at $40.22.
BUYS TODAY 9/17/2020 NONE TODAY
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.)
ZS ZSCALER INC. Buy above the Pink Line of $135.91with a 3% 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. CHWY CHEWY INC.
AMZN AMAZON.COM INC. Relative Strength is below 80 required for Large Caps.
DOCU DOCUSIGN CORP. Buy above $207.00 with a 3% Trailing Sell Stop Loss below it.
HOME AT HOME GROUP
SBSW SIBANYE STILLWATER
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
AAPL APPLE INC. EXIT if it is going to Close below $108.71.
SRNE SORRENTO THERA. Gapped Up 20% this morning and the Stop was RAISED to $9.86, and was filled.
SMH SEMICONDUCTOR FUND EXIT if it is going to Close below 163.57.
XLK TECH FUND XLK slipped below the Buy Price of $115.33 last nite and was Stopped Out. If you still own it, there is Support at $111.52.
AMD ADVANCED MICRO INC. EXIT if it is going to Close below the Red Line of $75.68. This trade was not logged.
FB FACEBOOK INC. EXIT if it is going to Close below Support of $262.64. This trade was not logged.
Click for CURRENT POSITIONS and adjust your Sell Stops.
Click for CLOSED POSITIONS,
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.