Please Thank a Veteran today for their Service.
Markets were mixed today on Veterans Day Holiday. Volume was very Low and most Indices are very over-bought. Many Buyers are Waiting for a pull-back. The S&P 500 Index is up to 3086, and Support is at 3028. Most Leaders are Way Above the Green Lines, and buying up in the Red Zones is normally not a good bet.
With the Markets up at the Highs, the recent Money Wave Buy Signals have not popped well (Low Volume represents Low Buying Conviction) … We need a bigger pull-back. NEW SUBSCRIBERS: Please be patient and WAIT for the Leaders and the S&P 500 Index to come back down into the Green Zones for more Money Wave Buys soon.
Bonds were mixed today but should have a Medium Term Buy Signal soon.
Crude Oil was down $0.36 today at $56.88.
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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 11/11/2019
AG FIRST MAJESTIC SILVER Money Wave Buy today. AG will not be logged as it is already up 4 % today.
AZN ASTRAZENECA PLC Relative Strength is Below 90. AZN does not meet the Rules.
ROKU ROKU INC. Money Wave Buy today. ROKU will not be logged as it is already up 5.5 % 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.)
BX BLACKSTONE GROUP
NAT NORDIC AMER. TANKERS
TNK TEEKAY TANKERS LTD.
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GDX GOLD MINERS FUND
TLT US GOV’T. Bond Fund Medium Term 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
ARMK ARAMARK HOLDINGS EXIT if it is going to Close below Support of $42.72. 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.
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