Markets were higher today as the Tech Stocks were strong on fair Volume. The Indices need to get above Tuesday’s Highs (3323 on the S&P 500 Index) to bring in more Buying. Normally the Strongest Investments will go back up to retest the early September Highs, so we are holding all of the Leaders.
So far the S&P 500 has held 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 and many are waiting on a Close above the Pink Line.
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.
Bonds were mixed again today.
Crude Oil was down $0.05 today at $40.26.
There are New Adds today on the PENNY STOCK WATCH LIST
BUYS TODAY 9/25/2020
WKHS WORKHORSE GROUP Money Wave Buy today. WKHS will not be logged as it is already up 11% today.
GDX GOLD MINERS FUND Money Wave Buy today. GDX will not be logged as the Volume is below average of 30.7 MIL. Maybe on Monday.
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.)
FCX FREEPORT MCMORAN COPPER Buy above $15.59 with a 5% Trailing Sell Stop Loss until it Closes.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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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. GGB GERDAU USA
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).
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SELLS TODAY
SBSW SIBANYE STILLWATER LOWER Sell Stop Loss below $10.26 until it bottoms.
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!