Markets continued to be slow as many are nervous with radical Earnings coming out. The S&P 500 Index is trying to bounce up off the Pink Line (10-day avg.) around 2992 for this rally to continue. Next Resistance is the August Highs of 3028. We are reluctant to Buy Investments with Low Volume up here near the Highs.
Software Stocks are up with Microsoft Earnings.
With the Markets holding up near the Highs, there are not many Money Wave Trades at this time. NEW SUBSCRIBERS: 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 still up in the Red Zones (probably too late to Buy for the Short Term).
Bonds were down slightly today.
Crude Oil was up $0.18 today at $56.18.
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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 10/24/2019
KGC KINROSS Gold CORP. Medium Term Buy if it Closes above of $4.73 today. Target is $5.50. EXIT if it is going to Close below Support of $4.46.
SHOP SHOPIFY INC. Money Wave Buy today. SHOP will not be logged as it is already up 7 % today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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.)
LSCC LATTICE SEMICONDUCTOR
RNG RING CENTRAL INC.
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ENPH ENPHASE ENERGY
FRO FRONTLINE LTD 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 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.
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