Markets were up today but the Indices still have more work to draw in Buyers. The Selling appears to be almost complete. The S&P needs to Close above Pink Line (10-day avg.) of 2718.
The Markets are extremely over-sold, indicating a Market rally soon. October can be a down month for Markets.
The Strongest Leaders that Hold Above the their Green Line should pop up soon. Hopefully you have Cash ready to Buy Investments on Sale. The Watch List is very Large.
Crude Oil is down at $66.25.
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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
AES AES CORP. Money Wave Buy today if it can Close above $14.80. Target is $15.75. Place Sell Stop Loss below recent Support of $14.39 on the Close.
LULU LULULEMON ATHLETICA Medium Term Buy today. Target is $160.00. Place Sell Stop Loss below recent Support of $133.13 on the Close.
Money Wave Buys Signals Soon:
AMD ADVANCED MICRO Wait for 2nd Buy Signal.
AMZN AMAZON.COM Wait for Medium Term Buy.
CGC CANOPY GROWTH CORP.
ENDP ENDO PHARMA.
ERIC ERICSSON TELEPHONE
FTNT FORTINET INC. Buy Stop Above $83.96.
I INTELSAT GLOBAL
P PANDORA MEDIA
PYX PYXUS INT’L. INC.
ROKU ROKU, INC. Wait for 2nd Buy Signal.
SQ SQUARE, INC. Wait for Medium Term Buy.
XLY CONSUMER FUND Wait for Medium Term Buy.
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 NONE TODAY
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.
Do you give buy and sell signals for the S&P and Russel 2000?
Yes, if the Relative Strength is Above 90.
Currently the S&P has Relative Strength of only 79, and the Russell is only 43.
The Chart below (and on each Weekly email) is good for S&P Buying when Indicator is in the Green Buy Zone.
Thank you for writing!
S&P 500 Chart