Markets were mixed today, as the Indices went sideways waiting for the FED to probably cut the Fed Funds Rate tomorrow by 1/4 %. The S&P 500 Index needs to bounce up off the Pink Line (10-day avg.) to avoid a Short Term Sell Signal. It is normal for Markets to struggle at the Resistance of the previous Highs.
Markets and Leaders are slowly coming down from their Red Zones (probably too late to Buy for the Short Term). Please be patient and WAIT, as the best trades happen when the S&P 500 Index is also in the Green Zone.
Bonds were up slightly today and we will Buy them today if they are going to Close above $139.60.
Crude Oil was down $3.50 today at $59.42.
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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 9/17/2019
TWTR TWITTER INC. Money Wave Buy today. Target is $46.00. EXIT if it is going to Close below Support of $42.19.
AYX ALTERYX INC. Money Wave Buy today. AYX will not be logged as the Volume is not High.
GDX GOLD MINERS FUND Money Wave Buy today. GDX will not be logged as it is already up 3 % today and the Volume is Low. Maybe tomorrow around $27.25.
HSY HERSHEY FOODS Money Wave Buy today. HSY will not be logged as it is already up 3.5 % 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.)
AU ANGLOGOLD LTD.
NG NOVAGOLD RESOURCES
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SE SEA LIMITED ADR Medium Term Buy if it Closes above the Red Line of $32. 39.
SHOP SHOPIFY INC. Back down in the Green Zone for another Money Wave Buy soon.
TLT US GOV’T. Bond Fund Buy if it is going to Close above $139.60.
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
SPWR SUNPOWER CORP. EXIT on the Close today, or have a tight Sell Stop Below it to capture a 13 % Gain.
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.
