Markets were higher today but are still struggling below last week’s Highs. Volume is low, showing poor conviction by today’s Buyers as many have FEAR. The FEAR is High, so probably a Stock Rally coming.
The S&P 500 Index needs to Close above last Friday’s Resistance of 2943. Markets are back above their 50-day averages which is Bullish. Markets are waiting for a Trade War resolution.
Bonds were down slightly today and might have Double Topped. Bonds are Way Above the Green Line (Caution!).
Crude Oil was up $2.34 today at $56.28.
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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 9/04/2019
IOVA IOVANCE BIO Medium Term Buy if it Closes above the Red Line of $21.20, but IOVA will not be logged if the Volume is below average of 1.4 million. Target is $27.00. EXIT if it is going to Close below Support of $19.14.
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.)
ENPH ENPHASE ENERGY
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ACST ACASTI PHARMA Medium Term Buy when it Closes above $2.06.
GFI GOLD FIELDS LTD.
PAYS PAYSIGN INC. Buy if it is going to Close above $13.84
PLAN ANAPLAN INC.
SE SEA LIMITED ADR Medium Term Buy if it Closes above the Red Line of $32.99.
SNAP SNAP INC. Buy if it Closes above $16.40 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 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.
