EARLY EDITION
Markets were mixed today as the S&P 500 Index is over-bought from the rally up last week off the Green Line. Now there is Resistance at the Red Line (50-day avg.) of 2950. Volume is Low.
Please be patient and WAIT for the Leaders to come back down from the Red Zones for more Money Wave Buys soon. The Short Term Watch List is currently empty, and the bounces have been weaker.
Bonds were down slightly today and are trying to re-test the recent Highs.
Crude Oil was up $0.81 today at $53.62.
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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 10/7/2019
FNMA FEDERAL NAT’L. MTG. Money Wave Buy today. FNMA will not be logged as it is already up 4 % today.
SNAP SNAP INC. 2nd Money Wave Buy today. SNAP will not be logged as the Volume is below average.
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.)
NONE TODAY
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SPWR SUN POWER INC. Relative Strength is Below 90.
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.
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