Money Wave Alert! Oct 8, 2018

 

Markets  were mixed today after dumping this morning, but the S&P 500 held the Support of 2872 again and Bounced.  Some of the Leaders have become very Over-Sold on the short term as FEAR has picked up.

Now the Buying must come in, as the Strongest Leaders have corrected down enough for better Money Wave Buys soon. (The list is large now).

Bond prices are Closed today for a Federal Holiday. The 30 year T-Bond Yield is at  3.40%..  

Crude Oil was down today at $74.20.

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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   

 

P    PANDORA MEDIA    Medium Term Buy today.  Target is $10.25.  Place Sell Stop below recent Support of $8.69 on the Close.

 

TNDM    TANDEM DIABETES      Money Wave Buy today.  TNDM 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:   

AMZN    AMAZON.COM

BSX    BOSTON SCIENTIFIC CORP.

CRON    CRONOS GROUP     

LOW    LOWES CO.       

ROKU    ROKU INC.

TEAM    ATLASSIAN CORP.  

XLV    HEALTH CARE FUND    Money Wave must Close in the Green Zone.

  

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   

 

LOWER  the Sell Stop Loss on     AMD    ADVANCED MICRO   to the Red Line of $26.14 on the Close.  

LOWER  the Sell Stop Loss on     ETP    ENERGY TRANSFER L P   to the Red Line of $22.00 on the Close.  

LOWER  the Sell Stop Loss on    VKTX    VIKING THERA.   to the Red Line of $13.59 on the Close.  

 

 

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.