Markets were down today after the S&P 500 Index went slightly above the Pink Line (10-day avg.) and then sold off. Closing above 2981 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 $0.44 today at $53.63.
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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 10/1/2019
ROKU ROKU INC. Medium Term Buy today. Target is $121.00. EXIT if it is going to Close below Support of $96.00.
COUP COUPA SOFTWARE Money Wave Buy today. COUP will not be logged as it is already up 3.1 % 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.)
IAU GOLD FUND
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ACAD ACADIA PHARMA.
ENPH ENPHASE ENERGY Medium Term Buy soon.
GDX GOLD FUND
SLV SILVER FUND
SNAP SNAP INC. 2nd Money Wave Buy soon.
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).
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SELLS TODAY
CGC CANOPY GROWTH LOWER the Sell Stop Loss to $21.00 until it bottoms.
WDC WESTERN DIGITAL Change to Medium Term (Sell Stop Loss Below the Red Line of $57.63).
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.