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October 30, 2019

Money Wave Alert! Oct 30, 2019

QQQ Chart
Tech Stocks are Way Above the Green Line on Good News.

 

Markets  were up today after the FED cut the Fed Funds Rate by 1/4 point as expected. Several Indices are lower than Monday’s Highs and Volume was lower, The  S&P 500 Index has Support at 3028. Most Leaders are Way Above the Green Lines, so be cautious up here. 

With the Markets up at the Highs, there are not many Money Wave Trades as many don’t have the PATIENCE to WAIT for dips. Investor GREED has overcome many to Buy on the Good News. 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 up good today on the FED CUT.

Crude Oil was down $0.65 today at $54.89.

______________________________________________________________________________________________________

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

 

BUYS TODAY    10/30/2019     

 

DG     DOLLAR GENERAL CORP.     Money Wave Buy today. DG will not be logged as the Volume is below average on 1.7 Mil.

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.) 

IYR     REAL ESTATE FUND     Relative Strength is Below 90.

NAT     NORDIC AMER. TANKERS 

_____________________________________________________________________________________________________________________________________________________      

ITB     HOME BUILDERS FUND  

KBH     KB HOMES

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).

______________________________________________________________________________________

SELLS TODAY   

 

WDC     WESTERN DIGITAL     EXIT if it is going to Close below your Buy Price, or $61.80.

 

ENPH     ENPHASE ENERGY     EXIT if it is going to Close below your Buy Price, or $24.55.  This trade was not logged.

GOGO     GOGO INC.     EXIT if it is going to Close below the Pink Line around $6.11.  This trade was not logged.

 

Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops.

Click for  CLOSED POSITIONS.

NEW! TOP 100 LIST

 

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 2:42 pm Leave a Comment Tagged With: premium

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

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