Markets were mostly higher today as mild Buying came in. The FEAR is now high from worries about the Election and Virus. Volume is very Low today as Investors WAIT. The CNN Fear & Greed Index is down to 23 today (Extreme Fear).
The S&P 500 Index has Support at the September Low of 3209, and if Congress comes up with a Stimulus Plan after the Election, this could be a great time to Buy. If you don’t believe that more Stimulus is coming, you should probably be raising Cash.
New Subscribers: Now the Strongest Leaders and Indices are back down into the Green Zones for Money Wave Buys soon. The better trades happen when the S&P 500 Index is also in the Green Zone. So far the Money Wave pops and Volume have been weak. Investors are scared now, and that is when we like to BUY.
Updated: PENNY STOCK WATCH LIST
Bonds were up today today.
Crude Oil was up $1.02 today at $37.01.
BUYS TODAY 11/02/2020
ITB HOME BUILDING FUND Medium Term Buy today. Target is $59.00. EXIT if it is going to Close below $51.54.
EEM EMERGING MARKETS FUND Money Wave Buy today. EEM will not be logged as the Volume is below average of 42.3 MIL.
JKS JINKOSOLAR HOLDING CO. JKS is already up 7 % today, and the Volume is below average so it will not be logged. Maybe tomorrow above the Pink Line.
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.)
LAC LITHIUM AMERICAS Buy above $10.35 with a 5% Trailing Sell Stop Loss below it.
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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.
PTON PELOTON INTERACTIVE 2nd Money Wave Buy soon.
Z ZILLOW GROUP Buy above the Pink Line of $93.41 with a 5 % Trailing Sell Stop Loss below it.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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: MY DASHBOARD
PENNY STOCK WATCH LIST
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Oct 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.
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– JKS
