Markets were up slightly today on more Low Volume, as the S&P 500 Index is trying to exceed the recent Highs again. 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 down today but should have a Money Wave Buy Signal soon.
Crude Oil was down $0.40 today at $53.38.
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The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 10/21/2019
IOVA IOVANCE BIO Medium Term Buy today if it Closes above the Red Line of $19.82. IOVA will not be logged as the Volume is below the 50-day avg. of 1.2 Mil.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
SPWR SUNPOWER CORP. is Closing Above the Pink Line of $9.73 today for a Long Term Buy, but it is already up 7 % today so we will WAIT.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
“JUMP START” Candidates (NEW): (Buy Signal should be very soon… Click on the Jump Start link for more info.)
TER TERADYNE INC. Money Wave Buy soon.
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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.
KGC KINROSS Gold CORP. Medium Term Buy if it Closes above the Red Line of $4.73 on High Volume.
RNG RING CENTRAL INC. Money Wave must Close in the Green Zone.
SWCH SWITCH INC. Buy if it Closes above $15.95 on High Volume.
TLT US GOV’T BOND FUND
TSM TAIWAN SEMICONDUCTOR 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).
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SELLS TODAY
LCI LANNETT CO. EXIT if it is going to Close below your Buy Price, or $11.39. This trade was not logged.
WMT WALMART WMT Closed on Friday Below the Sell Stop Loss of $119.19, so we Stopped Out. 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.
Related Post
– Bonds