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October 8, 2019

Money Wave Alert! Oct 8, 2019

DIA Chart
The DOW Index (DIA) could not stay above the Red Line (50-day avg.)

 

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.

______________________________________________________________________________________________________

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

_____________________________________________________________________________________________________________________________________________________     

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).

______________________________________________________________________________________

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.

FREQUENTLY ASKED QUESTIONS

 

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 2:43 pm 2 Comments Tagged With: premium

Comments

  1. Michaelfrias says

    October 8, 2019 at 5:26 pm

    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.

    Log in to Reply
    • AbovetheGreenLine says

      October 8, 2019 at 6:35 pm

      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

      Log in to Reply

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