TLT Chart
Bonds are coming down to the Green Line on Stimulus hopes.

Markets were up again today as a Stimulus Spending Bill is closer to a compromise. The Markets seem to be convinced of a Stimulus Plan soon. The Indices are slowly creeping back up to the September Highs, as the Small Cap Index, Retail, and Semiconductors were able to go higher than in September. Many 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. Normally the Strongest Investments will go back up to retest the early September Highs (a Failure would be Bearish). 

New Subscribers: Please be patient and WAIT for the Strongest Leaders to come back down into the Green Zones for Money Wave Buys. 

Bonds  were down slightly today, holding at the 200 day average. 

Crude Oil was down $0.68 today at $40.51.

NEW: MY DASHBOARD

BUYS TODAY    10/9/2020   

PIC      PIVOTAL INVESTMENT GROUP      Bought above $10.79 with a 5% Trailing Sell Stop Loss below it on Friday. Target is $12.00

 

DPHC      DIAMONDPEAK HOLDINGS      Money Wave Buy today.  DPHC will not be logged as it is already up 12 % today.

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.) 

PENN      PENN NAT’L. GAMING 

____________________________________________________________________________________________________________

WATCH LIST

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.   

CVNA      CARVANA CO.     

CZR      CAESARS ENTERTAINMENT

DKNG      DRAFTKINGS       

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).

____________________________________________________________________________________________________________

SELLS TODAY   

AMD      ADVANCED MICRO      EXIT if it is going to Close below the Pink Line around $83.65.     

SBSW       SIBANYE STILLWATER     EXIT on the Close today as it is up 11%, or Raise Sell Stop to where you Don’t Take a LOSS!      

Click for  CURRENT POSITIONS  and adjust your Sell Stops.   
Click for  CLOSED POSITIONS,   

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!

Related Post

Money Wave Alert! Oct 8, 2020

Leave a Reply