Markets were down most of the day, on profit taking and Good News after the FED cut the Fed Funds Rate by 1/4 %. The S&P 500 Index went down below the Pink Line (10-day avg.) and needs to stay above 2992 to avoid a Short Term Sell Signal. It is normal for Markets to struggle at the Resistance of the previous Highs.
Markets and Leaders are slowly coming down from their Red Zones (probably too late to Buy for the Short Term). Please be patient and WAIT, as the best trades happen when the S&P 500 Index is also in the Green Zone.
Bonds were up slightly today and we will Buy them today if they are going to Close above the Pink Line of $140.79.
Crude Oil was down $1.09 today at $58.25.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 9/18/2019 NONE TODAY
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
ARDX ARDELYX INC.
AU ANGLOGOLD LTD. Relative Strength is Below 90.
NG NOVAGOLD RESOURCES Relative Strength is Below 90.
SE SEA LIMITED ADR Medium Term Buy if it Closes above the Red Line of $32. 32.
SHOP SHOPIFY INC. Back down in the Green Zone for another Money Wave Buy soon.
TLT US GOV’T. Bond Fund Sep 18 Buy if it is going to Close above the Pink Line of $140.79.
WU WESTERN UNION CO.
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).
EGO ELDORADO GOLD LOWER the Sell Stop Loss to a Close below $7.91.
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.