Markets were higher again today, as FOMO (Fear OF Missing Out) has caused many Investors to Buy Way Above the Green Lines again (like they did at the Feb Highs.) Some of the Big Tech are 50-100 % Above the Green Lines, while some some Leaders below are having normal pull-backs.
The S&P 500 Index has not returned all the way down to it’s Green Zone since March. The Green Line System does better when the Markets fluctuate more, not this slow creep up for months from FED intervention. The FED will not print forever and the Chart above shows how the Money Supply growth is slowing down. This should reduce the Buying. The Markets are stretched Way Above the Green Line, and will eventually snap back down to Flush Tammy out again.
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.
The Watch List has grown very large and several leaders have pulled back without the Markets. 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).
There are many small stocks that are down over 50% from the FOMO Highs on the PENNY STOCK WATCH LIST.
Please remember that the Markets are up 58 % from the March Lows, and are over-bought from extreme Confidence and Hope.
Bonds were down slightly today.
Crude Oil was down $0.07 today at $42.97.
BUYS TODAY 8/28/2020
SRNE SORRENTO THERA. Bought today above $8.26 with a 5% Trailing Sell Stop Loss. Target is $14.00. EXIT below $7.85.
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
KODK EASTMAN KODAK CO. Buy above the Pink Line of $6.94 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.
ABUS ARBUTUS BIOPHARMA Buy above the Pink Line of $3.18 with a 5% Trailing Sell Stop Loss below it.
ADT ADT INC. Buy above the Pink Line of $11.31 with a 5% Trailing Sell Stop Loss below it.
GSX GSX TECHEDU INC. Buy above $91.75 with a 3% Trailing Sell Stop Loss below it.
VXRT VAXART INC. 2nd Money Wave Buy soon
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 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.
HAVE A SAFE WEEKEND!
