Markets were mixed to down today on some mild profit taking. The weaker Indices like the DOW 30, NYSE, and Small Caps are still struggling at the Red Lines (50-day avgs.) 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.
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 today.
Crude Oil was down $1.55 today at $39.05.
BUYS TODAY 9/29/2020
GOGO GOGO INC. Bought above $9.67 with a 5% Trailing Sell Stop Loss on Tuesday. Target is $17.25.
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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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 Relative Strength is currently below 90.
MIK MICHAELS COMPANIES Buy above $9.89 with a 5% Trailing Sell Stop Loss on Monday.
SLV SILVER FUND Wait to Buy around $21 soon.
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 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.