Markets were up slightly today after going down to the Pink Lines (10-day avgs.) and bouncing up to avoid a Short Term Sell Signal. Now the Indices need to make Higher Highs for this rally to continue. The Indices are struggling at the Resistance of last Monday’s Highs. The Markets are over-bought from the November Lows. The DOW 30 Index and the Small Cap Index or Russell 2000 are back up near Highs.
New Subscribers: Markets will eventually come back down from the Red Zones (probably too late to Buy for the Short Term) so now we must be patient and wait for the Leaders to return back down to their Green Zones. The better trades happen when the S&P 500 Index is also in the Green Zone.
Bonds were up again today.
Crude Oil was up $0.11 today at $41.93.
BUYS TODAY 11/19/2020 NONE TODAY
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
VXRT VAXART INC. Buy above $6.05 with a 5% Trailing Sell Stop Loss below it. (1st day only).
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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.)
These Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
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
DKNG DRAFTKINGS INC. EXIT on the Close today, or have a tight Sell Stop Loss below it. DKNG is 42 % above the recent Low, and was bought too early. We will try to Buy again lower.
MGNI MAGNITE INC. Target Hit at $12 for an 8.8 % Gain. This trade was not logged.
QQQ NASDAQ 100 FUND QQQ Closed below the Pink Line yesterday for a 5.6 % Gain. This trade was not logged.
Click for CURRENT POSITIONS and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW: MY DASHBOARD
PENNY STOCK WATCH LIST
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Nov 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.
