Money Wave Alert! Nov 9, 2020

POST UPDATED: November 9, 2020

Table of Contents

SPY Chart
The S&P 500 Index made a New High today.

Markets were up big today on Good News about a Virus Vaccine. Stocks that will benefit from a growing Economy were way up, but many “Stay at Home” stocks were down and also Housing on Higher Interest Rates. The Indices are back up in the Red Zones (probably too late to Buy for the Short Term). 

The S&P 500 Index Gapped Up above the October High Resistance of 3550 to 3646. A Vaccine might be a good for the Market as more Stimulus from Congress. 

New Subscribers: Markets have quickly jumped up from the Green Zones to the Red Zones recently on Good News. Emotions are vey high now.  But Human Emotions allow us to make money as Investors without Rules usually over-react and make mistakes. Please WAIT for more Money Wave Buy Signals. The better trades happen when the S&P 500 Index is also in the Green Zone, like ion last Monday. 

Bonds  were way down, trying to hold at the Green Line. 

Crude Oil was up $3.02 today at $40.16.

BUYS TODAY    11/09/2020   NONE TODAY

 

JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)   

NONE TODAY

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WATCH LIST

KODK      EASTMAN KODAK     Buy above $7.52 on High Volume.

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.)       

These Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.      

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   

LAC      LITHIUM AMERICAS      EXIT if it is going to Close below the Pink Line around $10.15.     

ITB      HOME BUILDING FUND     EXIT if it is going to Close below the Pink Line around $54.32.     

PTON      PELOTON INTERACTIVE       Lower Sell Stop Loss below $98 until it bottoms. Try to Sell soon around $115.

 

BBBY      EXIT if it is going to Close below your Buy Price, or $21.02. This trade was not logged.  Will Buy again if it holds at the Red Line.

LOW      LOWES COMPANIES      EXIT if it is going to Close below the Pink Line around $163.24. This trade was not logged.    

ZM       ZOOM VIDEO       EXIT if it is going to Close below the Red Line of $452.24. This trade was not logged. 

Click for  CURRENT POSITIONS  and adjust your Sell Stops.   
Click for  CLOSED POSITIONS,   

NEW: MY DASHBOARD

PENNY STOCK WATCH LIST
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM   
TOP 100 LIST Updated Nov 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.         

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