MARKETS WILL BE CLOSED ON MONDAY SEP 7, 2020.
Markets dumped down this morning, but Buyers came it later in the Day. The very Strongest Leaders are trying to hold above their Pink Lines (10-day avgs.) but many have slipped below. The Strongest should pop back up soon.
The S&P 500 Index fell below the Pink Line (10-day avg) of 3484 to create a Short Term Sell Signal, but it was able to bounce at Longer Term Support of 3393. Closing below that would be bearish.
Please WAIT for the Leaders below to pop up out of the Green Zones for Money Wave Buy Signals. The better trades happen when the S&P 500 Index is also in the Green Zone. (Now the S&P 500 is about 1/2 way down from the Red Zone).
Please remember that the Markets are up 54 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were down today.
Crude Oil was down $1.67 today at $39.70.
BUYS TODAY 9/4/2020 NONE TODAY
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
VXRT VAXART INC. Buy above the Pink Line of $6.03 with a 5% Trailing Sell Stop Loss below it. (2nd Buy Signal soon).
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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. PLUG PLUG POWER INC.
ADT ADT INC. Buy above $11.26 with a 5% Trailing Sell Stop Loss below it.
PLUG PLUG POWER INC. 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
GDXJ JUNIOR GOLD MINERS FUND LOWER the Sell Stop Loss below the Red Line of $56.20.
WTRH WAITR HOLDINGS LOWER the Sell Stop Loss below the Green Line of $3.16 as the Relative Strength is still 99.
BLNK BLINK CHARGING CO. EXIT if it is going to Close below Support of $6.42. This trade was not logged.
DOCU DOCUSIGN INC. EXIT if it is going to Close below the Pink Line around $227.00. This trade was not logged.
PINS PINTEREST INC EXIT if it is going to Close below the Pink Line around $35.55. This trade was not logged.
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!