Markets were up today as the S&P 500 Index is trying again to get up above the Pink Line (10-day avg.) Closing above 2987 on the S&P 500 should bring
in more Buying. The Tech stocks have been under a lot of pressure, and some are very over-sold.
Bonds were up slightly today but are well off the recent Highs.
Crude Oil was down $1.76 today at $54.15.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 9/30/2019
ATUS ALTICE USA Medium Term Buy today. Target is $30.50. EXIT if it is going to Close below Support of $28.01.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
ROKU ROKU INC. Relative Strength is Below 90
COUP COUPA SOFTWARE
GDX GOLD FUND
IAU GOLD FUND COUP
SLV SILVER FUND
SPWR SUN POWER INC.
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).
CGC CANOPY GROWTH LOWER the Sell Stop Loss to $22.50 until it bottoms.
SNAP SNAP INC. LOWER the Sell Stop Loss to today’s Low of $15.40. SNAP is almost back down in the Green Zone with 96 Relative Strength.
ALLY ALLY FINANCIAL EXIT if it is going to Close below Support of $33.32. This trade was not logged.
MGI MONEY GRAM INT’L. EXIT if it is going to Close below Support of $4.00. This trade was not logged.
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.