Markets were down today as the S&P 500 Index is testing Support at 3028 (see Chart above). Many Investors correctly SOLD on the GOOD NEWS of the FED Rate Cut yesterday. Most Leaders were Way Above the Green Lines, and needed to correct for a while.
With the Markets up at the Highs, there are not many Money Wave Trades as normal. NEW SUBSCRIBERS: Please be patient and WAIT for the Leaders to come back down into the Green Zones for more Money Wave Buys soon.
Bonds were up again today on the FED CUT.
Crude Oil was down $1.08 today at $53.98.
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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 10/31/2019
ITB HOME BUILDERS FUND Money Wave Buy today. Target is $47.00. EXIT if it is going to Close below Support of $43.69.
KBH KB HOMES Money Wave Buy today. KBH will not be logged as the Volume is below average on 2 Mil.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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.)
NAT NORDIC AMER. TANKERS
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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
HEXO HEXO CORP. LOWER the Sell Stop once more to $2.08 on the Close.
WDC WESTERN DIGITAL EXIT if it is going to Close below your Buy Price, or $61.80. Bad Earnings last night on WDC.
DG DOLLAR GENERAL EXIT if it is going to Close below your Buy Price, or $160.02. This trade was not logged.
GOGO GOGO INC. EXIT if it is going to Close below the Pink Line around $6.11. This trade was not logged.
LCI LANNETT CO. EXIT if it is going to Close below the Pink Line around $11.93. 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.
Related Post
– Bonds
