Markets were lower today, as profit taking finally arrived. The very Strongest Leaders are trying to hold above their Pink Lines (10-day avgs.) but many have slipped below. The Strongest should pop back up soon.
The S&P 500 Index will probably Close below the Pink Line (10-day avg) of 3479, which would create a Short Term Sell Signal.
Longer Term the S&P 500 Index has Support at 3393. Closing below that would be bearish.
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 coming down from the Red Zone).
Please remember that the Markets are up 54 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were up again today.
Crude Oil was down $0.25 today at $41.26.
BUYS TODAY 9/3/2020 NONE TODAY
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
VXRT VAXART INC. Buy above the Pink Line of $6.38 with a 5% Trailing Sell Stop Loss below it. (2nd Buy Signal 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
APPS DIGITAL TURBINE EXIT if it is going to Close below your Buy Price, or $24.19.
GDX GOLD MINERS FUND EXIT if it is going to Close below your Buy Price, or $41.60.
HL HECLA MINING EXIT if it is going to Close below the Pink Line around $5.79.
SLV SILVER FUND This slipped below the Buy Price of $25.57 last night and was Stopped Out. Sorry the notification was not posted.
WTRH WAITR HOLDINGS LOWER the Sell Stop Loss below $3.84 ($0.18) as the Relative Strength is still 99.
ETSY ETSY INC. EXIT if it is going to Close below Support of $116.63. This trade was not logged.
GRWG GROW GENERATION CORP. EXIT if it is going to Close below your Buy Price, or $15.06. This trade was not logged.
LAC LITHIUM AMERICAS EXIT if it is going to Close below the Pink Line around $7.37. This trade was not logged.
SPOT SPOTIFY INC. EXIT if it is going to Close below the Pink Line around $275.05. This trade was not logged.
W WAYFAIR INC. EXIT if it is going to Close below Support of $287.31. 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.