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September 22, 2020

Money Wave Alert! Sep 22, 2020

QQQ Chart
The NASDAQ 100 (QQQ) Index is back above the Red Line (50-day avg.)

Markets were slightly higher today as the Markets became over-sold. The S&P 500 was able to bounce up off the June Highs (Support), so this decline could be an A-B-C correction on the S&P 500 Index). It looks like the Pink Lines (10-day avgs.) are resistance before Buying most Investments at this time. 

Try to Buy only the very Strongest Leaders that hold above their Red Lines (50-day avgs.) for the fastest bounces. 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 52 % from the March Lows, and are over-bought from extreme Confidence and Hope. 

Bonds  were mixed today. 

Crude Oil was up $0.19 today at $39.73.

BUYS TODAY    9/22/2020   

AMD      ADVANCED MICRO INC.      This was bought late yesterday above the Pink Line at $77.85 with a 5% Trailing Stop Loss. AMD can be bought a little lower today. Target is $90.

BIG      BIG LOTS INC.      Bought today above the Pink Line of $46.30 with a 5% Trailing Sell Stop Loss below it.  Target is $53.

DOCU      DOCUSIGN CORP.        Bought today above $207.00 with a 3% Trailing Sell Stop Loss below it.   Target is $255.

NVDA     NVIDIA CORP.    This was bought late yesterday above the Pink Line at $498.15 with a 5% Trailing Stop Loss. NVDA can be bought today also. Target is $570.

JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.) 

CHWY      CHEWY INC.      Buy above $54.85 with a 5% Trailing Sell Stop Loss below it. 

SPWR      SUNPOWER CORP.      Buy above $10.41 with a 5% Trailing Sell Stop Loss below it.

____________________________________________________________________________________________________________

WATCH LIST

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.            

GDX      GOLD MINERS FUND

HOME      AT HOME GROUP      Buy above the Pink Line of $15.45 with a 5% Trailing Sell Stop Loss below it. 

LOW      LOWES COMPANIES      Money Wave must Close in the Green Zone. 

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).

____________________________________________________________________________________________________________

SELLS TODAY   NONE TODAY

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.

Related Post

– Money Wave Alert! Sep 21, 2020

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