Markets were up again today as the S&P 500 Index is almost back up to the Red Line of 2949 and Resistance. Volume is Low.
Emotions are High as Investors react from Good News and Bad News each day. This indicates equilibrium: same amount of Buyers & Sellers. No Conviction.
Bonds were up again today trying to re-test the recent Highs.
Crude Oil was up $0.31 today at $52.76.
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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 10/4/2019
AVP AVON PRODUCTS Medium Term Buy today. AVP will not be logged as the Volume is below average.
GDX GOLD FUND Medium Term Buy if it is going to Close above of 27.79. GDX will not be logged as the Volume is below average.
LMT LOCKHEED MARTIN Money Wave Buy today. LMT will not be logged as the Volume is below average.
WMT WAL-MART INC. Money Wave Buy today. WMT will not be logged as the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
THERE WILL BE NO LONG TERM BUYS THIS WEEK.
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.)
SPWR SUN POWER INC. Relative Strength is Below 90.
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SNAP SNAP INC. 2nd Money Wave Buy soon.
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.
HAVE A NICE WEEKEND!
Related Post
– Money Wave Alert! Oct 3, 2019
– Money Wave Alert! Sep 9, 2019
