Markets popped up today on Good News and Low Volume. The S&P 500 Index went up to 3027, almost back up to the August Highs of 3028. The FED is supposed to Lower the Fed Funds rate again next Wednesday. The FED might have a tough sell to Lower Rates when the Markets are on Highs, and Unemployment Rates at Lows. We could see some disappointments next week. We are reluctant to Buy Investments with Low Volume up here near the Highs.
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 again today.
Crude Oil was up $0.42 today at $56.65.
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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 10/25/2019
ENPH ENPHASE ENERGY Money Wave Buy today. ENPH will not be logged as it is already up 5 % today.
LSCC LATTICE SEMICONDUCTOR Money Wave Buy today. LSCC will not be logged as the Volume is well below average of 1.5 Mil.
RNG RING CENTRAL INC. Money Wave Buy today. RING will not be logged as it is already up 4 % today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
THERE WILL BE NO LONG TERM BUYS THIS WEEK.
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.)
NONE TODAY
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FRO FRONTLINE LTD Money Wave must Close in the Green Zone.
T AT&T INC.
TGT TARGET CORP.
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.
HAVE A NICE WEEKEND!
I bought GDX at 27.73/share. It comprises 20% of one of my IRA portfolio, or 2% of my total investable assets. As of this morning, 10/28/2019, the ATGL portfolio spreadsheet says, “Don’t take a loss.”
Does that recommendation mean, at this point, that you would continue to hold GDX in my portfolio?
Your charts are excellent. I appreciate your service.
Thank you,
Thank you for writing. GDX had a Buy Signal on Oct 17th at $27.08 when the Money Wave Closed > 20.
Now the Money Wave is up to 75 and the Investment has not popped well. We suggest that Short Term Investors try not to take a loss when the Money Wave > 50, as the Signal was not a good one.
Then WAIT for the next Signal.
Not sure why you bought at $27.73? The Green Line System will Sell GDX if it is going to Close Below Buy Price of $27.08
GDX Chart