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October 19, 2018

Money Wave Alert! Oct 19, 2018

SPX Chart
S&P 500 is re-testing the Green Line.

 

Markets  were up slightly today, but many of the Momentum Techs got hit hard. The S&P 500 FAILED at the Pink Line (10-day avg.) on Wednesday,  and is slowly going back down to re-test the recent Lows near the Green Line (250-day avg.) 

Most likely the S&P will hold Support, and work its way back up towards the Red Line (50-day avg.) in a few weeks.

____________________________________________________________________________________

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

 

BUYS TODAY    NONE TODAY   

 

LONG TERM BUYS (Buy on Friday’s Close)

 

ECYT    ENDOCYTE, INC.    Long Term Buy, but ECYT will not be logged as it is already up 51% this week.

IMMU    IMMUNOMEDICS   Long Term Buy, but IMMU will not be logged as it is already up 11% this week. (Maybe Buy near Red Line.)

 

Money Wave Buys Signals Soon:   

 

AMZN    AMAZON.COM    Wait for Medium Term Buy.     

CGC    CANOPY GROWTH CORP.

DNR    DENBURY RESOURCES    

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

PYX    PYXUS INT’L. INC.

TRXC    TRANSENTERIX INC.    Wait for Medium Term Buy. 

SQ    SQUARE, INC.     Wait for Medium Term Buy.     

XLY    CONSUMER FUND    Wait for Medium Term Buy. 

  

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   

 

P    PANDORA MEDIA    slipped below Support on the Close yesterday and was Stopped Out about even.

Change    AMD    ADVANCED MICRO   to Long Term (Sell Stop Loss Below the Green Line of $17.78) until it bottoms. 

Change    ROKU   ROKU INC.    to Long Term (Sell Stop Loss Below the Green Line of $44.94) until it bottoms.   

Change    TEAM    ATLASSIAN CORP.     to Long Term (Sell Stop Loss Below the Green Line of $65.31) until it bottoms.   

 

 

EXIT    CRON    CRONOS GROUP    if it is going to Close below the Pink Line around $10.19 on the Close.  This trade was not logged.

EXIT    TNDM    TANDEM DIABETES    if it is going to Close below the Pink Line around $36.25 on the Close.  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.

 

HAVE A NICE WEEKEND!

Posted By AbovetheGreenLine at 2:39 pm Leave a Comment

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Voted #1 at Stock Charts

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

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