Markets were mixed again today on very Low Volume. The S&P 500 Index needs to bounce up off the Pink Line (10-day avg.) around 2985 for this rally to continue. Next Resistance is the August Highs of 3028. We are reluctant to Buy Investments up here near the Highs on Low Volume .
Please be patient and WAIT for the Leaders to come back down into the Green Zones for more Money Wave Buys soon. Many Leaders are still up in the Red Zones (probably too late to Buy for the Short Term).
Bonds were up slightly today after having a Money Wave Buy Signal yesterday.
Crude Oil was up $1.33 today at $55.81.
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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 10/23/2019 NONE TODAY
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.)
RNG RING CENTRAL INC.
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FRO FRONTLINE LTD Money Wave must Close in the Green Zone.
KGC KINROSS Gold CORP. Medium Term Buy if it Closes above the Red Line of $4.72 on High Volume.
LSCC LATTICE SEMICONDUCTOR
SHOP SHOPIFY INC. Relative Strength is Below 90.
TSM TAIWAN SEMICONDUCTOR 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
WDC WESTERN DIGITAL EXIT if it is going to Close below the Red Line of $57.65.
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.
Related Post
– Bonds
