Markets “gapped down” today as the S&P 500 Index failed at the Resistance of the Red Line (50-day avg.) of 2950. Volume is Low. The S&P 500 needs to hold above last week’s Low of 2875 to become Bullish.
Home Builders and Precious Metals were up today.
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 recent bounces have been weaker.
Bonds were up slightly today and are trying to re-test the recent Highs.
Crude Oil was down $0.21 today at $52.54.
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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 10/8/2019 NONE TODAY
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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SWCH SWITCH INC. Buy if it Closes above $15.95 on High Volume.
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
HEXO HEXO CORP LOWER the Sell Stop Loss to $3.52 on the Close.
WDC WESTERN DIGITAL LOWER the Sell Stop Loss to $55.48 on the Close.
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.
Hey ABG,
I was just wondering why ticker (HEXO) is allowed for the Stop Loss to be lowered instead of taking the loss? P.s. Im hoping at some point for the Above the Green Line book to come out for purchase.
Hi Michael. HEXO came down recently to $3.52 and bounced… Maybe it will do a Big Double Bottom down here. If not we will EXIT.
Thanks for writing,
AGL
HEXO CHART