Markets were down slightly today but the FEAR Selling seems to be fading. Investors need a reason to Buy, so the Volume has been low. The S&P 500 needs to Close above 2709 to pull in more Buyers.
Selling should be getting “Washed Out”. The HERD that bought at the Highs in September have sold at a loss on Bad News.
Crude Oil was up $1.45 today at $52.50.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys Signals Soon:
NIHD NII HOLDINGS Medium Term Buy when Closes Above the Pink Line.
PBR PETROBRAS ENERGY
UNG US NATURAL GAS FUND
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
EXIT CIEN CIENA CORP. on the Close today, or have a tight Sell Stop Loss below it, as it Gapped Up 8% today to New Highs.
LOWER the Sell Stop Loss on ROKU ROKU, INC. to $32 until it bottoms… ROKU is back in the Green Zone.
EXIT ETSY ETSY INC. if it is going to Close below the Pink Line around $55.04. This trade was not logged.
EXIT VSLR VIVINT SOLAR if it is going to Close below Support of $5.12. This trade was not logged.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS.
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).
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.