Markets were down slightly today as the S&P 500 Index is struggling to stay above the Pink Line (10-day avg.) of 2999. The S&P 500
needs to make New Highs soon for this rally to continue. Many Investors are reluctant to Buy with the Indices back up near Highs.
Please WAIT for the Leaders to return to their Green Zones, and the best trades happen when the S&P 500 Index is also in the Green Zone.
Bonds were up again today, but the 6 day rally has been weak so we will try to Buy TLT lower next week.
Crude Oil was up $0.14 today at $58.33.
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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 9/20/2019
ARDX ARDELYX INC. Money Wave Buy today. ARDX will not be logged as it is already up 4.5 % and the Volume is below average.
SE SEA LIMITED ADR Possible Medium Term Buy if it Closes above the Red Line of $32.30. SE will not be logged as the Volume is way below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
THERE WILL BE NO LONG TERM TRADES THIS WEEK.
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.)
WU WESTERN UNION CO.
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KAR KAR AUCTION SERVICES
MGI MONEY GRAM INC.
NG NOVAGOLD RESOURCES Medium Term Buy if it Closes above the Red Line of $6.49.
ROKU ROKU INC.
SHOP SHOPIFY INC. Back down in the Green Zone for another Money Wave Buy soon.
TLT US GOV’T. Bond Fund Sep 19 Try to Buy next week around $137-$138.
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
SHOP SHOPIFY INC. Lower the Sell Stop Loss to $313.39 Support until it bottoms.
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!