Markets were slightly lower today, as the Momentum Stocks had some profit taking. The S&P 500 Index is almost back up to the Feb Highs and the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). The Volume is low again today as Smart Money is not Buying up near the Feb Resistance. The S&P 500 Index needs to stay above the Pink Line (10-day avg.) of 3285, to remain Bullish.
Please WAIT for the Leaders to return back down into 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 back up in the Red Zone).
NEW PENNY STOCK WATCH LIST This list has some new entries.
Please remember that the Markets are up 50% from the March Lows, and are over-bought from “Good News” Buyers.
Bonds were down today.
Crude Oil was down $0.48 today at $41.47.
BUYS TODAY 8/7/2020 NONE TODAY
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
KODK EASTMAN KODAK Buy above $17.50 with a Trailing Sell Stop Loss 5% below.
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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.
IBIO IBIO INC. 2nd Money Wave Buy soon.
UONE URBAN ONE INC. Buy above $14.50 with a Trailing Sell Stop Loss 5% below.
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
ANGI ANGIE’S LIST INC. EXIT if it is going to Close below the Pink Line around $15.54.
AU ANGLOGOLD LTD Lower the Sell Stop Loss below the Red Line of $30.05 on the Close.
DVAX DYNAVAX TECH EXIT if it is going to Close below the Pink Line around $8.59.
NFLX NETFLIX INC. EXIT if it is going to Close below the Pink Line around $495.36.
CRWD CROWDSTRIKE HOLDINGS EXIT if it is going to Close below the Pink Line around $110.25. This trade was not logged.
IBIO IBIO INC. EXIT if it is going to Close below Support of $4.00. 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 Aug 4, 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!
