Markets “Gapped Up” today on favorable Trade news, and the S&P 500 Index popped well above last Friday’s Resistance of 2943. The Market is rather weird today as many momentum stocks were down. The FEAR level has dropped, so FEAR Trades Bonds & Gold were lower.
Markets are back above their 50-day averages which is Bullish. Markets are waiting for a Trade War resolution.
Bonds were down today and might have Double Topped. Bonds are Way Above the Green Line (Caution!).
Crude Oil was down $0.14 today at $56.12.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 9/05/2019
PLAN ANAPLAN INC. Medium Term Buy today. Target is $61.00. EXIT if it is going to Close below Support of $51.62.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
NVCR NOVOCURE LTD.
ACST ACASTI PHARMA Medium Term Buy when it Closes above $2.06.
ENPH ENPHASE ENERGY
GFI GOLD FIELDS LTD.
PAYS PAYSIGN INC. Buy if it is going to Close above $13.84
SE SEA LIMITED ADR Medium Term Buy if it Closes above the Red Line of $32.94.
SNAP SNAP INC. Buy if it Closes above $16.40 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).
DBD DIEBOLD NIXDORF INC. EXIT on the Close today, or have a tight Sell Stop Loss below it as DBD is up 22% from the recent Low.
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.