Markets were up today, as the Leaders were squirting higher. The Leaders are mostly all up in the Red Zones (probably too late to Buy for the Short Term). The Volume is low again today, and S&P 500 Index needs to stay above the Pink Line (10-day avg.) of 3255, to remain Bullish.
Since so many Money Wave Pops are going up more than 3% before the End of the Day Signal, we will be using Buy Stop Prices to avoid missing so many trades. With a Buy Stop, when the price exceeds the Buy amount, you should Enter. Then we will be following it up with a Trailing Sell Stop Loss. A Trailing Stop Loss moves up with the Price. For example, the Buy Stop Price on WIMI was set this morning above Resistance of $8.29. WIMI went as High as $9.57 (up 33%), so the Trailing Sell Stop would have been raised to $9.09, and Out with a quick gain. If you are not interested in this type of trade, then just consider it NOT LOGGED (up 17 %).
Please WAIT for the Leaders to return back down into 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 50% from the March Lows, and are over-bought from “Good News” Buyers.
Bonds were down today.
Crude Oil was up $0.60 today at $41.61
BUYS TODAY 8/4/2020
WIMI WIMI HOLOGRAM CLOUD Bought today above $8.29 today. High was $9.57 with a Trailing Sell Stop 5% lower. So Out at $9.08 with 9% Gain.
SHLL TORTOISE ACQUISITION This was bought yesterday too late above $19.88 with a Sell Stop Loss 5% below it. SHLL will not be logged.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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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.
UONE URBAN ONE INC. Buy above $16.50 with a Sell Stop Loss 3% below.
VBIV VBI VACCINES INC. Buy above $4.68 with a Sell Stop Loss 5% below it.
VXRT VAXART INC. (2nd Buy Signal soon).
XBI BIOTECH FUND 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
GNUS GENIUS BRANDS INT’l. Bought yesterday above $1.74, and it went up to $2.00. EXIT if it is going to Close below $1.70 on the Close.
DIGL DIGITAL ALLY EXIT if it is going to Close below your Buy Price, or $3.14. This trade was not logged.
SPCE VIRGIN GALACTIC HOLDINGS EXIT if it is going to Close below Support of $21.91. 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.