Markets were higher again today, as the Fear of Missing Out has emotional Buyers making rash decisions. Normally when you invest you should expect at least a 2:1 Reward / Risk ratio. The NASDAQ 100 is 30 % Above the Green Line, and will return again to the Green Line. So Investors now should be expecting a 60% further advance up on the NASDAQ 100 to get the 2:1 Reward / Risk. History says that probably won’t happen.
The S&P 500 Index is walking up the Pink Line (10-day avg) and squirted up another 1.2% today. Some of the Big Techs had some profit taking today. The S&P 500 Index closing below 3472 should create a Short Term Sell Signal.
It could be bearish if the S&P 500 falls below Support of 3393 because most of the recent advance S&P 500 has been 15 of the Largest Caps.
Please WAIT for the Leaders below to pop up out of the Green Zones for Money Wave Buy Signals. The better trades happen when the S&P 500 Index is also in the Green Zone. (Now the S&P 500 is back up in the Red Zone).
Please remember that the Markets are up 59 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were up again today.
Crude Oil was down $1.41 today at $41.35.
BUYS TODAY 9/2/2020
MAXR MAXAR TECHNOLOGIES Money Wave Buy today. MAXR will not be logged as it is already up 10% today.
W WAYFAIR INC. Money Wave Buy today. W will not be logged as the Volume is below average of 2.3 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.)
VXRT VAXART INC. 2nd Money Wave Buy soon
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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.
ADT ADT INC. Buy above $11.26 with a 5% Trailing Sell Stop Loss below it.
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
GDX GOLD MINERS FUND EXIT if it is going to Close below your Buy Price, or $41.60.
GSX GSX TECHEDU INC. EXIT if it is going to Close below $92.69. This trade was not logged.
KIRK KIRKLANDS INC. EXIT if it is going to Close below your Buy Price, or $8.67. This trade was not logged.
NLS NAUTILUS INC Target of $14.50 was hit for a 21.1% Gain. This trade was not logged.
SPOT SPOTIFY INC. EXIT if it is going to Close below the Pink Line around $275.55. 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 Aug 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.