Archives for October 2018

Markets  “Gapped Up”  today on the first good Buying in a while.  Looks like a lot of Short Covering to take profits from betting on a drop.  The Selling appears to be almost complete, but maybe once more down. The S&P needs to Close above Green Line of 2726. 

The Markets are extremely over-sold,  and October is now over.

The Strongest Leaders  that Hold Above the their Green Lines are finally popping, but will not go straight up.

Crude Oil is down again at $65.30.

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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   

ENDP    ENDO PHARMA.    Money Wave Buy today. Target is $19.00. Place Sell Stop Loss below recent Support of $16.14 on the Close.

ERIC    ERICSSON TELEPHONE   Money Wave Buy today. Target is $9.50. Place Sell Stop Loss below recent Support of $8.47 on the Close.

There were many Buy Signals that were up 5 – 9 % today, so we will wait to see if they can pull-back in the next day or so (also the Election is coming). They are:

AMD    ADVANCED MICRO     up 6%.
CGC    CANOPY GROWTH CORP.    up 9%.
HEAR    TURTLE BEACH CORP.    up 7%.
ROKU    ROKU, INC.     up 6%.
SQ    SQUARE, INC.     up  8%.

Money Wave Buys Signals Soon:   

    
AMZN    AMAZON.COM     Wait for Medium Term Buy.
FTNT    FORTINET INC.    Buy Stop Above  $83.96.
I    INTELSAT GLOBAL
P    PANDORA MEDIA      Relative Strength is Below 90. 
PYX    PYXUS INT’L. INC.     Relative Strength is Below 90.      
XLY    CONSUMER FUND    Relative Strength is Below 90. 
  

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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).

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SELLS TODAY    NONE TODAY

Please 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.

Markets  were up  today but the Indices still have more work to draw in Buyers. The Selling appears to be almost complete. The S&P needs to Close above Pink Line (10-day avg.) of 2718. 

The Markets are extremely over-sold, indicating a Market rally soon. October can be a down month for Markets.

The Strongest Leaders  that Hold Above the their Green Line should pop up soon.  Hopefully you have Cash ready to Buy Investments on Sale. The Watch List is very Large.

Crude Oil is down at $66.25.

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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   NONE TODAY

AES    AES CORP.      Money Wave Buy today if it can Close above $14.80. Target is $15.75. Place Sell Stop Loss below recent Support of $14.39 on the Close.

LULU    LULULEMON ATHLETICA    Medium Term Buy today. Target is $160.00. Place Sell Stop Loss below recent Support of $133.13 on the Close.

Money Wave Buys Signals Soon:   

AMD    ADVANCED MICRO    Wait for 2nd Buy Signal.    
AMZN    AMAZON.COM     Wait for Medium Term Buy.
CGC    CANOPY GROWTH CORP.
ENDP    ENDO PHARMA.
ERIC    ERICSSON TELEPHONE 
FTNT    FORTINET INC.    Buy Stop Above  $83.96.
I    INTELSAT GLOBAL
P    PANDORA MEDIA     
PYX    PYXUS INT’L. INC.    
ROKU    ROKU, INC.    Wait for 2nd Buy Signal. 
SQ    SQUARE, INC.     Wait for Medium Term Buy.     
XLY    CONSUMER FUND    Wait for Medium Term Buy. 
  

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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).

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SELLS TODAY    NONE TODAY

Please 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.

Markets  were down today after a rally this morning. Volume is lower, as the Selling appears to be almost complete. S&P needs to Hold above the recent Lows of 2628. 

The Markets are extremely over-sold, indicating a Market rally soon. October can be a down month for Markets.

The Strongest Leaders  that Hold Above the their Green Line should pop up soon.  Hopefully you have Cash ready to Buy Investments on Sale. The Watch List is very Large.

Crude Oil is down at $66.95.

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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   NONE TODAY

Money Wave Buys Signals Soon:   

AES    AES CORP.
AMD    ADVANCED MICRO    Wait for 2nd Buy Signal.    
AMZN    AMAZON.COM     Wait for Medium Term Buy.
CGC    CANOPY GROWTH CORP.
ENDP    ENDO PHARMA.
ERIC    ERICSSON TELEPHONE 
FTNT    FORTINET INC.    Buy Stop Above  $83.96.
I    INTELSAT GLOBAL
P    PANDORA MEDIA     
PYX    PYXUS INT’L. INC.    
ROKU    ROKU, INC.    Wait for 2nd Buy Signal. 
SQ    SQUARE, INC.     Wait for Medium Term Buy.     
XLY    CONSUMER FUND    Wait for Medium Term Buy. 
  

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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).

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SELLS TODAY    

EXIT    FDC    FIRST DATA CORP. on the Close today as it is going to Close Below the Green Line on negative news.

LOWER the Sell Stop Loss on    AMD    ADVANCED MICRO     to  Support of $15.72 until it Bottoms. This is fudging on the Green Line Rules, but the Relative Strength is still 97 (from Investors Daily), and AMD is back down in the Green Zone for another Money Wave Buy soon. It should have a nice rally up near the Pink Line around $23-$24 once it bottoms.

Please 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.

Markets  dropped back down today as they needed to re-test the recent Lows. The major Indices made slightly Lower Lows, but it does not look like they will Close below Wednesday’s Low.

The Markets are extremely over-sold, and the FEAR Index has not made Higher Highs and is in the Red Zone, indicating a Market rally soon. October can be a down month for Markets.

The Strongest Leaders should have nice bounces soon.  The Watch List is very Large.

Crude Oil is up slightly at $67.60.

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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   NONE TODAY

Money Wave Buys Signals Soon:   

AES    AES CORP.
AMD    ADVANCED MICRO    Wait for 2nd Buy Signal.    
AMZN    AMAZON.COM     Wait for Medium Term Buy.
CGC    CANOPY GROWTH CORP.
DNR    DENBURY RESOURCES     Wait for Medium Term Buy.   
ENDP    ENDO PHARMA.
ERIC    ERICSSON TELEPHONE 
FTNT    FORTINET INC.    Buy Stop Above  $83.96.
I    INTELSAT GLOBAL
P    PANDORA MEDIA     
PYX    PYXUS INT’L. INC.    
ROKU    ROKU, INC.    Wait for 2nd Buy Signal. 
SQ    SQUARE, INC.     Wait for Medium Term Buy.     
XLY    CONSUMER FUND    Wait for Medium Term Buy. 
  

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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).

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SELLS TODAY    

LOWER the Sell Stop Loss on    AMD    ADVANCED MICRO     to  today’s Low of $17.05. This is fudging on the Green Line Rules, but the Relative Strength is still 97 (from Investors Daily), and AMD is back down in the Green Zone for another Money Wave Buy soon. It should have a nice rally up near the Pink Line around $23-$24 once it bottoms.

Please 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!