Markets were down again today after the S&P 500 Index closed below the Red Line (50-day avg.) yesterday and then sold off more today. Now Support is the Green Line at 2852. The Tech stocks have been under a lot of pressure, and are very over-sold.
Bonds were up slightly today but are well off the recent Highs.
Crude Oil was down $1.06 today at $52.56.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 10/2/2019
IAU GOLD FUND Medium Term Buy today. Target is $15.25. EXIT if it is going to Close below Support of $13.98.
SLV SILVER FUND Medium Term Buy today. Target is $18.00. EXIT if it is going to Close below Support of $15.83.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
ACAD ACADIA PHARMA.
GDX GOLD FUND
AVP AVON PRODUCTS
ENPH ENPHASE ENERGY Medium Term Buy soon.
LMT LOCKHEED MARTIN
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).
AAPL APPLE INC. EXIT if it is going to Close Below your Buy Price, or $221.03.
SMH SEMICONDUCTOR FUND EXIT if it is going to Close Below the Red Line of $116.46.
SNAP SNAP INC. Lower Sell Stop Loss to $14.57 since SNAP is back in the Green Zone.
WDC WESTERN DIGITAL Lower Sell Stop Loss to $56.15 since WDC is back in the Green Zone.
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.