Markets were mixed today after yesterday’s rally to Highs on the S&P 500 Index. The S&P 500 Index is above the August Highs of 3028, so 3028 should now be Support. The Volume is Low and most Leaders are Way Above the Green Lines, so be cautious up here. We are reluctant to Buy Investments with Low Volume up here at the Highs.
With the Markets up at the Highs, there are not many Money Wave Trades at this time. Investor GREED has overcome many to Buy on the Good News. NEW SUBSCRIBERS: 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. Bonds were the FEAR trade, and currently the FEAR is gone.
Crude Oil was down $0.29 today at $55.52.
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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 10/29/2019 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.)
DG DOLLAR GENERAL CORP.
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FRO FRONTLINE LTD Money Wave must Close in the Green Zone.
IYR REAL ESTATE FUND Money Wave must Close in the Green Zone.
NAT NORDIC AMER. TANKERS
TGT TARGET CORP.
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 NONE TODAY
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