Markets “Gapped Up” today on good Employment news. The S&P 500 Index went down yesterday to test Support at 3028 and it held. Buyers came in and several Indices made New Highs. However, most Leaders are Way Above the Green Lines, and buying in the Red Zones is normally not a good bet.
With the Markets up at the Highs, there are not many Money Wave Trades as normal. NEW SUBSCRIBERS: Please be patient and WAIT for the Leaders to come back down into the Green Zones for more Money Wave Buys soon.
Bonds were down today on Equity strength.
Crude Oil was up $1.97 today at $55.98.
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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 11/01/2019
NAT NORDIC AMER. TANKERS Money Wave Buy today. NAT will not be logged as the Volume is below average of 3.5 Mil.
TGT TARGET CORP. Money Wave Buy today. TGT will not be logged as the Volume is below average of 4.3 Mil.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
THERE WILL BE NO LONG TERM TRADES THIS WEEK.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
“JUMP START” Candidates (NEW): (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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MDCO MEDICINES CO. Money Wave must Close in the Green Zone.
PETS PETMED EXPRESS INC.
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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
DG DOLLAR GENERAL EXIT if it is going to Close below your Buy Price, or $160.02. This trade was not logged.
GOGO GOGO INC. EXIT if it is going to Close below the Pink Line around $6.15. This trade was not logged.
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.
HAVE A NICE WEEKEND!
Related Post
– Bonds
