Markets “gapped up” today on favorable China Trade News. The S&P 500 Index is now above the Red Line (50-day avg.) so next Resistance is the August Highs..
Please be patient and WAIT for the Leaders to come back down from the Red Zones for more Money Wave Buys soon. The Short Term Watch List is currently very small.
Bonds were down big today and are failing to get back up to the recent Highs.
Crude Oil was up $1.26 today at $54.81.
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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 10/11/2019 NONE TODAY
There are 2 Stocks on the Long Term with Signals today: CVNA CARVANA CORP. & TTD TRADE DESK INC. but both are up 7 % for the week so we will not chase or Buy them.
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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IOVA IOVANCE BIO Money Wave must Close in the Green Zone.
PG PROCTOR & GAMBLE Money Wave must Close in the Green Zone.
SWCH SWITCH INC. Buy if it Closes above $15.95 on High Volume.
TLT US GOV’T BOND 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. 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
ACAD ACADIA PHARMA. EXIT on the Close today, or have a tight Sell Stop Loss below it to capture a 5.7 % Gain.
CGC CANOPY GROWTH LOWER the Sell Stop Loss to $18.00 on the Close until it bottoms.
SHOP SHOPIFY INC. EXIT on the Close today, or have a tight Sell Stop Loss below it, as it is up 15 % from the recent lows.
HSY HERSHEY FOODS EXIT if it is going to Close below the Pink Line around $155.89. This trade was not logged.
LMT LOCKHEED MARTIN EXIT if it is going to Close below your Buy Price, or $384.95. 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!
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– Bonds
