Markets were down today after a rally this morning. Volume is lower, as the Selling appears to be almost complete. S&P needs to Hold above the recent Lows of 2628.
The Markets are extremely over-sold, indicating a Market rally soon. October can be a down month for Markets.
The Strongest Leaders that Hold Above the their Green Line should pop up soon. Hopefully you have Cash ready to Buy Investments on Sale. The Watch List is very Large.
Crude Oil is down at $66.95.
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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:
AES AES CORP.
AMD ADVANCED MICRO Wait for 2nd Buy Signal.
AMZN AMAZON.COM Wait for Medium Term Buy.
CGC CANOPY GROWTH CORP.
ENDP ENDO PHARMA.
ERIC ERICSSON TELEPHONE
FTNT FORTINET INC. Buy Stop Above $83.96.
I INTELSAT GLOBAL
P PANDORA MEDIA
PYX PYXUS INT’L. INC.
ROKU ROKU, INC. Wait for 2nd Buy Signal.
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 FDC FIRST DATA CORP. on the Close today as it is going to Close Below the Green Line on negative news.
LOWER the Sell Stop Loss on AMD ADVANCED MICRO to Support of $15.72 until it Bottoms. This is fudging on the Green Line Rules, but the Relative Strength is still 97 (from Investors Daily), and AMD is back down in the Green Zone for another Money Wave Buy soon. It should have a nice rally up near the Pink Line around $23-$24 once 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.