Markets were down today on weaker Earnings from Boeing & Johnson & Johnson. The Markets dipped down near the Pink Lines (10-day avgs.) and bounced to avoid Short Term Sell Signals. The S&P 500 Index should try the recent Highs again soon. Next Resistance is the August Highs of 3028.
The Software Stocks were down hard today.
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 down $0.17 today at $53.67.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 10/18/2019 NONE TODAY
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
AVP AVON PRODUCTS Medium Term Buy if it Closes above the Red Line of $4.27 on High Volume. 2nd Buy Signal soon.
FRO FRONTLINE LTD Money Wave must Close in the Green Zone.
IOVA IOVANCE BIO Medium Term Buy if it Closes above the Red Line of $19.80 on High Volume.
KGC KINROSS Gold CORP. Medium Term Buy if it Closes above the Red Line of $4.74 on High Volume.
SWCH SWITCH INC. Buy if it Closes above $15.95 on High Volume.
TER TERADYNE 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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
SELLS TODAY NONE TODAY
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.
HAVE A NICE WEEKEND!