Markets were down today, as Oil prices shot up 14% on Global tension. The S&P 500 looks like it will bounce up off the Pink Line (10-day avg.) It is normal for Markets to struggle at the Resistance of the previous Highs.
Markets and Leaders are in their Red Zones (probably too late to Buy for the Short Term) and the FEAR Trades (Bonds and Gold which are very strong) are in the Green Zones for Money Wave Buys soon.
Please be patient and WAIT for Money Wave Buys as the S&P 500 Index is in the Red Zone.
Bonds were up today and might have a quick Money Wave Buy pop soon. Bonds are Way Above the Green Line (Caution!).
Crude Oil was up $7.75 today at $62.60.
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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 9/16/2019
EGO ELDORADO GOLD CORP. Money Wave Buy today. Target is $10.50. EXIT if it is going to Close below Support of $8.02.
IAU GOLD FUND Money Wave Buy today. Target is $15.50. EXIT if it is going to Close below Support of $14.09.
SHOP SHOPIFY INC. Medium Term Buy today. Target is $410.00. EXIT if it is going to Close below Support of $320.00.
SLV SILVER FUND Money Wave Buy today. Target is $18.50. EXIT if it is going to Close below the Red Line of $16.04.
KGC KINROSS GOLD CORP. Money Wave Buy today. KGC will not be logged as it is already up 4 % today.
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.)
HSY HERSHEY FOODS
TWTR TWITTER INC.
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AU ANGLOGOLD LTD.
AYX ALTERYX INC.
GDX GOLD MINERS FUND
NG NOVAGOLD RESOURCES Relative Strength is Below 90.
SE SEA LIMITED ADR Medium Term Buy if it Closes above the Red Line of $32. 44.
TLT US GOV’T. Bond Fund
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
