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October 30, 2018

Money Wave Alert! Oct 30, 2018

XRT Weekly
Retail Stocks are firming up after correcting down to the Green Line.

 

Markets  were up  today but the Indices still have more work to draw in Buyers. The Selling appears to be almost complete. The S&P needs to Close above Pink Line (10-day avg.) of 2718. 

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 $66.25.

____________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY   NONE TODAY

 

AES    AES CORP.      Money Wave Buy today if it can Close above $14.80. Target is $15.75. Place Sell Stop Loss below recent Support of $14.39 on the Close.

LULU    LULULEMON ATHLETICA    Medium Term Buy today. Target is $160.00. Place Sell Stop Loss below recent Support of $133.13 on the Close.

 

 

Money Wave Buys Signals Soon:   

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).

______________________________________________________________________________________

 

SELLS TODAY    NONE TODAY

 

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.

Posted By AbovetheGreenLine at 2:39 pm 2 Comments

Comments

  1. Jkenjohnson says

    October 31, 2018 at 1:06 pm

    Do you give buy and sell signals for the S&P and Russel 2000?

    Log in to Reply
    • AbovetheGreenLine says

      October 31, 2018 at 1:26 pm

      Yes, if the Relative Strength is Above 90.

      Currently the S&P has Relative Strength of only 79, and the Russell is only 43.

      The Chart below (and on each Weekly email) is good for S&P Buying when Indicator is in the Green Buy Zone.

      Thank you for writing!

      S&P 500 Chart

      Log in to Reply

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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