10/27/2019: In early October the S&P 500 Index dipped down near the Green Line on Inverted Yield Curve talk (probable SlowDown coming) [BAD NEWS]. Now the Inverted Yield Curve is gone, but the S&P 500 Index is 5.8 % Higher on [GOOD NEWS] and back up at Resistance. Moral: Buy on Bad News and Sell on Good News.
Markets were up again for the week as many are hoping that the FED will lower Short Term Rates again [GOOD NEWS]. The Markets expect a 1/4 point cut, but it might be the last one, with the Markets on Highs and Unemployment on Lows. Earnings have been better than expected [GOOD NEWS]. The S&P 500 needs to exceed the July Highs of 3028 on High Volume for this rally to continue.
For the week the Dow was up 0.73%, the S&P 500 was up 1.22%, and the Nasdaq 100 was up 2.06%. The Long Term Trend on the Stock Markets is UP.
The Inflation Index (CRB) was up 1.49% and is Below the Green Line, indicating Economic Weakness.
Bonds were down 0.76% for the week and are Above the Green Line, indicating Economic Weakness.
The US DOLLAR was up 0.68%, after becoming Over-Sold for the Short Term.
Crude Oil was up 5.18% for the week at $56.66, and GOLD was up 0.75% at $1505.30.
_____________________________________________________________________________________________
MONEY WAVE BUYS SOON:
We are currently in 5 logged Open Positions, for the Short & Medium Term. There are 5 Investments on the Short Term Watch List.
Be patient and WAIT for Green Zone Buy Signals!
______________________________________________________________________________________________
LONG TERM INVESTMENTS
Buy the Leading Investments that are down near the weekly Green Zones.
AYX ALTERYX INC. Buy if it is going to Close above $98.33 on High Volume.
NVCR NOVOCURE LTD. Buy if it is going to Close above $78.83.
SBUX STARBUCKS CORP. Buy if it is going to Close above $87.68 on High Volume.
SNAP SNAP INC. Buy if it is going to Close above $15.03 on High Volume.
SPWR SUN POWER Buy if it is going to Close above $10.33 on High Volume.
TTD TRADE DESK INC. Buy if it is going to Close above $212.18.
___________________________________________________________________________________________
Click for Portfolio (Open Positions)
Click for Watch List
Click for Closed Positions
Alert! Market Risk is MEDIUM (Yell0w Zone). The probability of successful Short Term Trades is better, when the % of stocks above the 50-day avg. is below 20.
Tell your Friends about the Green Line, and Help Animals
___________________________________________________________________________________________
QUESTION: Chris writes “What is meant by “EXIT AMZN AMAZON.COM if it is going to Close below your Buy Price, or $1987.15.” Does this mean to ‘exit the position if it closes below your buy price or $1,987.15, whichever is lower OR whichever is higher?’
ANSWER: When an Investment goes into a Money Wave Buy, it should Pop up 3-6% in a few days. Once the Money Wave Indicator (Slow Stochastic) is > 50, and your investment is not Popping, we suggest getting out. (DON’T TAKE A LOSS.)
Maybe the Buy Signal was too early, and the Investment might go lower… This is all based on probabilities… Bet on a bounce and Bag it, or EXIT, for Short Term Trades.
We use the Closing price only to determine the Buy Price… Some subscribers might have had a slightly different entry price. EXIT if Closes LOWER than either price.
Thank you for writing!
Your charts seem to give empirical evidence of “what happens when”. Example, S&P trading @ resistance…odds are a pullback is likely? What would indicate the % of pullback vs. breakout? What chart would suggest either?
Ron Pearson
Normally there would be Sellers at Resistance… Then wait for the Investment to return down near the Green Zone, and Buy again (with a Stop).
Many are hoping for a Break Out, but where is the Volume confirming that?