Markets were higher today but pulled back on the Close. The Markets are hoping for another Stimulus Bill soon, but many Leaders are already back up in the Red Zones (probably too late to Buy for the Short Term). Recent Buy Signals are weak.
The weaker Indices like the DOW 30, NYSE, and Small Caps are still trying to Close above the Red Lines (50-day avgs.) Normally the Strongest Investments will go back up to retest the early September Highs.
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.
Please be patient and WAIT for the Strongest Leaders to come back down into the Green Zones for Money Wave Buys. The Watch List is small now.
Bonds were down slightly today.
Crude Oil was up $0.69 today at $39.98.
The ETF SECTOR ROTATION SYSTEM will EXIT all 5 positions today (EEM IAU QQQ SLV &SPY) and will put 20% into 5 new Funds tomorrow (probably EEM EFA QQQ SLV & SPY).
BUYS TODAY 9/30/2020
MIK MICHAELS COMPANIES Bought above $9.89 with a 5% Trailing Sell Stop Loss for Wednesday. Target is $11.00.
SID COMPANHIA SIDERURGICA Money Wave Buy today. SID will not be logged as it is already up 9% 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.)
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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 below 90.
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
BIG BIG LOTS INC. EXIT if it is going to Close below your Buy Price, or $46.32.
CHWY CHEWY INC. EXIT if it is going to Close below your Buy Price, or $54.90.
Click for CURRENT POSITIONS and adjust your Sell Stops. BIG BIG LOTS INC.
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.