Markets were lower higher today as the Indices are re-testing Monday’s Lows. The Strongest Investments are currently higher than on Monday (Bullish). The S&P 500 is still holding above 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 50 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were mixed again today.
Crude Oil was down $0.17 today at $39.63.
BUYS TODAY 9/23/2020
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.
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
SBSW SIBANYE STILLWATER LOWER Sell Stop Loss below $10.50 until it bottoms.
IBIO IBIO INC. EXIT if it is going to Close below your Buy Price, or $2.21. This trade was not logged.
MAXR MAXAR TECH EXIT if it is going to Close below the Pink Line around or $26.13. This trade was not logged.
OSTK OVERSTOCK. COM EXIT if it is going to Close below your Buy Price, or $74.50. This trade was not logged.
SLV SILVER FUND LOWER Sell Stop Loss below $20.50 until it bottoms. This trade was not logged.
TSLA TESLA INC. EXIT if it is going to Close below the Pink Line around or 417.40. This trade was not logged.
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.