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October 11, 2018

Money Wave Alert! Oct 11, 2018

SPX Chart
S&P 500 quickly went down to the Green Line.

 

Now we are seeing how EMOTIONAL Investors can become… Last week the Markets were on Highs, and all was well. Now many Indices are quickly down to the Green Lines.  The “HERD” just had to spend all of their Money when things were Good, and now some are Selling when things are Bad at a loss.

We like to Buy on Bad News (FEAR) and Take Profits on Good News.

 

Markets  dumped again today as the S&P 500 quickly dropped down to the Green Line (250-day avg.) and Support of 2872. Now the S&P should work its way back up towards the Red Line (50-day avg.) in a few weeks.

The FEAR Index (VIX) is very High today, indicating that Tammy is buying Put options for further declines. Tammy is usually wrong.

The Strongest Leaders have corrected down enough for better Money Wave Buys soon. Try to Buy Investments that are holding Above the Red Lines (50-day avg.) as they should bounce better.

Bond prices  have quit going down, and should bounce soon they are very Over-Sold. The 30 year T-Bond Yield is down at  3.32%..  

Crude Oil was down today at $71.00.

_____________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY   NONE TODAY

 

Money Wave Buys Signals Soon:   

 

AMZN    AMAZON.COM    Relative Strength is Below 90.

BSX    BOSTON SCIENTIFIC CORP.    

FDC    FIRST DATA CORP.    Wait for 2nd Buy Signal.

LOW    LOWES CO.      

ROKU    ROKU, INC.    Wait for 2nd Buy Signal.

SQ    SQUARE, INC.    

TEAM    ATLASSIAN CORP.  

USO    US  OIL FUND

XLV    HEALTH CARE FUND    Money Wave must Close in the Green Zone.

  

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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).

______________________________________________________________________________________

 

SELLS TODAY   

 

LOWER the Sell Stop Loss on     ETP    ENERGY TRANSFER LP    to the Green Line of  $17.30 until Market bottoms. Relative Strength is still 93.

 

EXIT    ENDP    ENDO PHARMA.      if it is going to Close below the Pink Line around $17.21.  This trade was not logged.

 

Please 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.

Posted By AbovetheGreenLine at 2:45 pm Leave a Comment

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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