Markets were mostly up today but the Tech Stocks were weak on Low Volume. So far the bounce up of the Indices off the Red Lines (50-day avgs.) has not been impressive. Even the Good News of the FED promising Low Interest Rates for year could only pop stocks up for an hour. Many Leaders have not been able to get above the Pink Lines (10-day avgs.) even with a Money Wave Buy Signal (Bearish).
Try to Buy only the very Strongest Leaders that hold above their Red Lines (50-day avgs.) for the fastest bounces. The Markets have dropped back down and Support should be around the Red Lines (3331 on the S&P 500 Index).
Buy the Leaders below when they pop up out of the Green Zones for Money Wave Buy Signals soon.
Please remember that the Markets are up 54 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were down slightly again today.
Crude Oil was up $1.94 today at $40.22.
BUYS TODAY 9/16/2020
PRTS CAR PARTS.COM Bought today above $10.85 with a 5% Trailing Sell Stop Loss below it. Target is $14.50. PRTS will not be logged as the Volume is below average of 1.6 MIL.
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.)
DOCU DOCUSIGN CORP. Buy above $207.00 with a 3% Trailing Sell Stop Loss below it.
ZS ZSCALER INC. Buy above the Pink Line of $135.91with a 3% 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. CHWY CHEWY INC.
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
QQQ NASDAQ 100 FUND EXIT if it is going to Close below your Buy Price, or $277.88. The bounce up has been poor.
ADT ADT INC. EXIT if it is going to Close below the Pink Line around $10.53. This trade was not logged.
FB FACEBOOK INC. EXIT if it is going to Close below Support of $262.64. This trade was not logged.
JD JD.COM INC. EXIT if it is going to Close below your Buy Price, or $76.59. 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 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.
