Markets were mixed today, as the S&P 500 is up to the July Highs. It is normal for Markets to struggle at the Resistance of the previous Highs.
Markets and Leaders are in their Red Zones (probably too late to Buy for the Short Term) and the FEAR Trades (Bonds and Gold which are very strong) are in the Green Zones for Money Wave Buys soon. So how does that normally end? Hint: Buy Green Zones, & take profits in Red Zones.
Please be patient and WAIT for Money Wave Buys as the S&P 500 Index is in the Red Zone.
Bonds were down again today and might have a quick Money Wave Buy pop soon. Bonds are Way Above the Green Line (Caution!).
Crude Oil was down $0.14 today at $54.95.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 9/13/2019
ENPH ENPHASE ENERGY Medium Term Buy today. Target is $29.00. EXIT if it is going to Close below Support of $19.36.
THERE WILL BE NO LONG TERM BUYS THIS WEEK.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
IAU GOLD FUND
SHOP SHOPIFY INC.
AU ANGLOGOLD LTD.
AYX ALTERYX INC.
GDX GOLD MINERS FUND
HSY HERSHEY FOODS
NG NOVAGOLD RESOURCES
SE SEA LIMITED ADR Medium Term Buy if it Closes above the Red Line of $32. 50.
SLV SILVER FUND
TLT US GOV’T. Bond Fund
TWTR TWITTER INC. Money Wave must Close in the Green Line.
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).
AG FIRST MAJESTIC SILVER LOWER the Sell Stop Loss to a Close below $8.96 until the Metals bottom.
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.
HAVE A NICE WEEKEND!