Markets were up slightly today after the S&P 500 Index dipped down almost to the Green Line this morning, and bounced. The S&P 500 Index is back down in the Green Zone, but the Relative Strength has dropped below 80 required for Indices. Maybe once more down tomorrow and then a rally back up near the Red Line (50-day avg.) The Tech stocks were very over-sold, and are starting to bounce up.
Bonds were up again today trying to re-test the recent Highs.
Crude Oil was down $0.34 today at $52.30.
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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 10/3/2019
ACAD ACADIA PHARMA. Money Wave Buy today. Target is $45.00. EXIT if it is going to Close below Support of $35.35.
ENPH ENPHASE ENERGY Medium Term Buy today. Target is $27.50. EXIT if it is going to Close below Support of $20.23.
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.)
GDX GOLD FUND Medium Term Buy if it is going to Close above the Red Line of 27.80.
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AVP AVON PRODUCTS BUY if it is going to Close above today’s High of $4.36.
LMT LOCKHEED MARTIN
SNAP SNAP INC. 2nd Money Wave Buy soon.
SPWR SUN POWER INC.
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
SNAP SNAP INC. CHANGE to Long Term (Sell Stop Loss Below the Green Line of $13.05 since SNAP is back in the Green Zone.
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.