Markets were higher again today as the Indices are almost back up to the September Highs. The Markets seem to be convinced of a Stimulus Plan soon. The Big Cap FAAMNG Stocks were all up big today as if they were playing possum, but there were no New Highs on any of them. Most of the Leaders are back up near the Red Zones (probably too late to Buy for the Short Term).
We have Sell Stops below the Pink Lines (10-day averages) on most of the Current Positions now. The Strongest Investments should be back up near the September Highs now. We are Raising CASH on Investments that are not near their recent Highs.
New Subscribers: Please be patient and WAIT for the Strongest Leaders to come back down into the Green Zones for Money Wave Buys. The S&P 500 Index has just popped up 10% in 2 weeks and there should be Sellers again near the September Highs (Resistance).
Wacko Valuation of the week: Peloton Interactive ($37 Billion) is worth more than Ford Motor Co. ($30.4 Billion).
Bonds were up slightly today, holding at the 200 day average.
Crude Oil was down $1.27 today at $39.33.
BUYS TODAY 10/12/2020 NONE TODAY
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. Z ZILLOW GROUP
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
MIK MICHAELS CO. EXIT if it is going to Close below your Buy Price, or $9.90.
NVDA NVIDIA CORP. Target Hit today at $570 for a 14.4 % Gain.
TUP TUPPERWARE BRANDS EXIT if it is going to Close below your Buy Price, or $21.54.
ZS ZSCALER INC Target Hit today at $155 for a 18.18 % Gain. .
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
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.