Markets were mixed today after yesterday’s rally. The S&P 500 Index is currently over bought, and in the Red Zone (probably too late to Buy for the Short Term). Next Resistance is the August Highs of 3028.
Please be patient and WAIT for the Leaders to come back down into the Green Zones for more Money Wave Buys soon. Many Leaders are up in the Red Zones (probably too late to Buy for the Short Term).
Bonds were mixed today but should have a Money Wave Buy Signal soon.
Crude Oil was up $0.48 today at $53.29.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 10/16/2019
LCI LANNETT CO. Money Wave Buy today. LCI will not be logged as the Volume is well below 50-day avg. of 2.3 Mil.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
TLT US GOV’T BOND FUND
XLU UTILITIES FUND
AVP AVON PRODUCTS Medium Term Buy if it Closes above the Red Line of $4.28 on High Volume. 2nd Buy Signal soon.
GDX GOLD MINERS INDEX
IOVA IOVANCE BIO Medium Term Buy if it Closes above the Red Line of $19.83 on High Volume.
PG PROCTOR & GAMBLE Relative Strength is Below 80 required for Large Caps.
SWCH SWITCH INC. Buy if it Closes above $15.95 on High Volume.
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).
I INTELSAT GLOBAL EXIT on the Close today, or have a tight Sell Stop below it. I is up 49 % from the recent Lows. We will try to Buy again lower.
COUP COUPA SOFTWARE EXIT if it is going to Close below the Pink Line around $149.75. 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.