More of the same. Markets were mixed today as the Buyers have just about spent all of their Money for a while. The S&P 500 Index was Flat today at 3077, 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 down again today on Economic strength.
Crude Oil was up $0.57 today at $57.20.
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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 11/05/2019
MDCO MEDICINES CO. Money Wave Buy today. MDCO will not be logged as the Volume is below the average of 2.2Mil.
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.)
ARMK ARAMARK HOLDINGS
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NAT NORDIC AMER. TANKERS Medium Term Buy if it Closes above $3.83 on High Volume.
PETS PETMED EXPRESS INC.
RH RESTORATION HARDWARE
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
HEXO HEXO CORP. On the Close yesterday, HEXO slipped down below Support of $2.08 and was Stopped Out.
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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