Markets were slightly higher today as the Markets became over-sold. The S&P 500 was able to bounce up off the June Highs (Support), so this decline could be an A-B-C correction on the S&P 500 Index). It looks like the Pink Lines (10-day avgs.) are resistance before Buying most Investments at this time.
Try to Buy only the very Strongest Leaders that hold above their Red Lines (50-day avgs.) for the fastest bounces. 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 52 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were mixed today.
Crude Oil was up $0.19 today at $39.73.
BUYS TODAY 9/22/2020
AMD ADVANCED MICRO INC. This was bought late yesterday above the Pink Line at $77.85 with a 5% Trailing Stop Loss. AMD can be bought a little lower today. Target is $90.
BIG BIG LOTS INC. Bought today above the Pink Line of $46.30 with a 5% Trailing Sell Stop Loss below it. Target is $53.
DOCU DOCUSIGN CORP. Bought today above $207.00 with a 3% Trailing Sell Stop Loss below it. Target is $255.
NVDA NVIDIA CORP. This was bought late yesterday above the Pink Line at $498.15 with a 5% Trailing Stop Loss. NVDA can be bought today also. Target is $570.
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
CHWY CHEWY INC. Buy above $54.85 with a 5% Trailing Sell Stop Loss below it.
SPWR SUNPOWER CORP. Buy above $10.41 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.
HOME AT HOME GROUP Buy above the Pink Line of $15.45 with a 5% Trailing Sell Stop Loss below it.
LOW LOWES COMPANIES Money Wave must Close in the Green Zone.
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 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.
