Markets “Gapped Up” today on the first good Buying in a while. Looks like a lot of Short Covering to take profits from betting on a drop. The Selling appears to be almost complete, but maybe once more down. The S&P needs to Close above Green Line of 2726.
The Markets are extremely over-sold, and October is now over.
The Strongest Leaders that Hold Above the their Green Lines are finally popping, but will not go straight up.
Crude Oil is down again at $65.30.
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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
ENDP ENDO PHARMA. Money Wave Buy today. Target is $19.00. Place Sell Stop Loss below recent Support of $16.14 on the Close.
ERIC ERICSSON TELEPHONE Money Wave Buy today. Target is $9.50. Place Sell Stop Loss below recent Support of $8.47 on the Close.
There were many Buy Signals that were up 5 – 9 % today, so we will wait to see if they can pull-back in the next day or so (also the Election is coming). They are:
AMD ADVANCED MICRO up 6%.
CGC CANOPY GROWTH CORP. up 9%.
HEAR TURTLE BEACH CORP. up 7%.
ROKU ROKU, INC. up 6%.
SQ SQUARE, INC. up 8%.
Money Wave Buys Signals Soon:
AMZN AMAZON.COM Wait for Medium Term Buy.
FTNT FORTINET INC. Buy Stop Above $83.96.
I INTELSAT GLOBAL
P PANDORA MEDIA Relative Strength is Below 90.
PYX PYXUS INT’L. INC. Relative Strength is Below 90.
XLY CONSUMER FUND Relative Strength is Below 90.
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.
Related Post
– Money Wave Alert! Oct 30, 2018
– Money Wave Alert! Oct 9, 2018
hello..do we only get the buy stock alert at 3:45 or should we be getting buy alerts anytime during the day? the 345 is the only buy alert i get…falcone
Alerts are right before the Close, because the Money Wave Buy Signal must Close > 20.
A: When a Money Wave Buy Signal will occur (Money Wave in going to Close > 20) , we will email you an Alert 10-30 minutes before the Market Closes. Buy anytime before, or on the Close. For logging of trades prices, we use the Closing Price on the day the Money Wave Closes > 20.
To shop for a better price during the day, many will go to the 60-min chart, and Buy in advance of the Close, but only if the Daily Money Wave is going to Close >20. Wait for the 60-min Chart to at least cross above the Pink Line, and preferably a Triple Buy on 60-min (1. Above Pink Line 2. Above 20 on Money Wave 3. MCAD Buy). The 60-min Charts are on the Watch List and click on the Green Circles.
Sample Triple Buy