Money Wave Alert! Oct 24, 2018

 

Markets  are grinding their way lower as the major Indices are at or Below their Green Lines. The S&P weekly chart is back down in the Green Zone (probably too late to Sell), but needs to bounce soon.

The Volatility or FEAR Index (VIX) has not been making New Highs lately, which could indicate a Market rally soon.

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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    NONE TODAY      

 

Money Wave Buys Signals Soon:   

 

AMD    ADVANCED MICRO    Wait for 2nd Buy Signal.  

CGC    CANOPY GROWTH CORP.

DNR    DENBURY RESOURCES    

P    PANDORA MEDIA     

PYX    PYXUS INT’L. INC.    

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

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).

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SELLS TODAY  

 

EXIT    MRK    MERCK & CO   if it is going to Close below the Pink line around  $71.13.

 

CHANGE    FDC    FIRST DATA CORP.   to Long Term (Sell Stop Loss below the Green Line of $20.64) until it bottoms.

CHANGE   VKTX    VIKING THERA.   to Long Term (Sell Stop Loss below the Green Line of $10.31) until it bottoms.

CHANGE    XLV       HEALTH CARE FUND    to Long Term (Sell Stop Loss below the Green Line of $85.73) until it bottoms.

 

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.