Markets “gapped up” today on Low Volume. Markets don’t know what to do now. The S&P 500 Index has Resistance of the Red Line (50-day avg.) of 2946 and needs to hold above last week’s Low of 2875 to become Bullish.
Please be patient and WAIT for the Leaders to come back down from the Red Zones for more Money Wave Buys soon. The Short Term Watch List is currently very small.
Bonds were down today and are struggling to get back up to the recent Highs.
Crude Oil was up $0.05 today at $52.68.
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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 10/9/2019 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.)
NONE TODAY
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GOGO GOGO INC.
PG PROCTOR & GAMBLE Money Wave must Close in the Green Zone.
SWCH SWITCH INC. Buy if it Closes above $15.95 on High Volume.
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
ENPH ENPHASE ENERGY EXIT on the Close, or have a tight Sell Stop Loss below it to capture an 8 % Gain.
ROKU ROKU INC. EXIT on the Close, or have a tight Sell Stop Loss below it to capture a 15 % Gain. (Maybe sell for more in the morning, but we use Closing prices only).
VKTX VIKING THERA. LOWER the Sell Stop Loss to $6.00 on the Close.
FNMA FEDERAL NAT’L. MTG. EXIT if it is going to Close below your Buy Price, or $3.69. 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
